iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Large Volume Increase

iShares Short Treasury Bond ETF (NASDAQ:SHV – Get Rating) shares saw unusually-strong trading volume on Friday . Approximately 3,998,914 shares traded hands during trading, an increase of 12% from the previous session’s volume of 3,555,738 shares.The stock last traded at $110.24 and had previously closed at $110.23.

iShares Short Treasury Bond ETF Stock Performance

The firm’s 50 day simple moving average is $110.26 and its 200-day simple moving average is $110.21.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 5th. Shareholders of record on Tuesday, May 2nd were paid a dividend of $0.398 per share. This is an increase from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.39. This represents a $4.78 annualized dividend and a yield of 4.33%. The ex-dividend date was Monday, May 1st.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank bought a new stake in iShares Short Treasury Bond ETF in the third quarter worth $16,494,000. RFG Advisory LLC bought a new stake in iShares Short Treasury Bond ETF in the third quarter worth $586,000. EWG Elevate Inc. bought a new stake in iShares Short Treasury Bond ETF in the fourth quarter worth $78,000. Weaver Consulting Group boosted its holdings in iShares Short Treasury Bond ETF by 155.9% in the fourth quarter. Weaver Consulting Group now owns 88,836 shares of the company’s stock worth $9,765,000 after purchasing an additional 54,117 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in iShares Short Treasury Bond ETF by 71.7% in the third quarter. Avantax Advisory Services Inc. now owns 25,720 shares of the company’s stock worth $2,829,000 after purchasing an additional 10,737 shares in the last quarter. 9.11% of the stock is owned by institutional investors and hedge funds.

About iShares Short Treasury Bond ETF

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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.