iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Unusually-High Trading Volume – Should You Buy?

iShares Short Treasury Bond ETF (NASDAQ:SHV) shares saw an uptick in trading volume on Thursday . 3,482,440 shares changed hands during trading, an increase of 18% from the previous session’s volume of 2,962,829 shares.The stock last traded at $110.38 and had previously closed at $110.37.

iShares Short Treasury Bond ETF Stock Performance

The firm has a 50-day simple moving average of $110.37 and a 200 day simple moving average of $110.33.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.4668 per share. This is a positive change from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.60 annualized dividend and a yield of 5.07%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in shares of iShares Short Treasury Bond ETF in the 2nd quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of iShares Short Treasury Bond ETF in the 2nd quarter valued at approximately $43,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of iShares Short Treasury Bond ETF in the 2nd quarter valued at approximately $48,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of iShares Short Treasury Bond ETF in the third quarter valued at approximately $48,000. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of iShares Short Treasury Bond ETF by 55.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock valued at $50,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Company Profile

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months.