iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Unusually-High Trading Volume – Here’s Why

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw unusually-strong trading volume on Thursday . Approximately 5,804,553 shares traded hands during trading, an increase of 5% from the previous session’s volume of 5,530,749 shares.The stock last traded at $110.29 and had previously closed at $110.28.

iShares Short Treasury Bond ETF Stock Performance

The stock has a 50-day simple moving average of $110.22 and a two-hundred day simple moving average of $110.30.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.4268 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.12 dividend on an annualized basis and a yield of 4.64%.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of iShares Short Treasury Bond ETF by 23.7% during the third quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock valued at $999,158,000 after buying an additional 1,732,399 shares during the last quarter. FMR LLC grew its stake in shares of iShares Short Treasury Bond ETF by 337.6% in the third quarter. FMR LLC now owns 2,069,990 shares of the company’s stock worth $229,003,000 after purchasing an additional 1,596,924 shares during the last quarter. Divergent Wealth Advisors grew its stake in shares of iShares Short Treasury Bond ETF by 5.5% in the third quarter. Divergent Wealth Advisors now owns 1,156,791 shares of the company’s stock worth $127,976,000 after purchasing an additional 60,638 shares during the last quarter. Stifel Financial Corp grew its stake in shares of iShares Short Treasury Bond ETF by 5.2% in the third quarter. Stifel Financial Corp now owns 599,055 shares of the company’s stock worth $66,274,000 after purchasing an additional 29,814 shares during the last quarter. Finally, Cynosure Group LLC grew its stake in shares of iShares Short Treasury Bond ETF by 3.2% in the third quarter. Cynosure Group LLC now owns 560,749 shares of the company’s stock worth $62,036,000 after purchasing an additional 17,145 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

About iShares Short Treasury Bond ETF

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.