iShares Short Treasury Bond ETF (NYSE:SHV) Reaches New 1-Year Low – Here’s Why

iShares Short Treasury Bond ETF (NYSE:SHV) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $109.86 and last traded at $110.05, with a volume of 6011051 shares changing hands. The stock had previously closed at $110.32.

iShares Short Treasury Bond ETF Stock Performance

The stock has a 50 day simple moving average of $110.22 and a 200 day simple moving average of $110.23.

Institutional Trading of iShares Short Treasury Bond ETF

Large investors have recently bought and sold shares of the company. Rinkey Investments boosted its stake in iShares Short Treasury Bond ETF by 1.9% in the 2nd quarter. Rinkey Investments now owns 4,944 shares of the company’s stock worth $546,000 after purchasing an additional 94 shares during the period. Intergy Private Wealth LLC raised its stake in shares of iShares Short Treasury Bond ETF by 2.6% in the 1st quarter. Intergy Private Wealth LLC now owns 4,179 shares of the company’s stock valued at $461,000 after purchasing an additional 105 shares during the period. GenWealth Group Inc. raised its stake in shares of iShares Short Treasury Bond ETF by 0.7% in the 2nd quarter. GenWealth Group Inc. now owns 17,317 shares of the company’s stock valued at $1,911,000 after purchasing an additional 112 shares during the period. Mayflower Financial Advisors LLC lifted its holdings in shares of iShares Short Treasury Bond ETF by 2.0% in the first quarter. Mayflower Financial Advisors LLC now owns 5,896 shares of the company’s stock valued at $651,000 after purchasing an additional 115 shares in the last quarter. Finally, Sweeney & Michel LLC lifted its holdings in shares of iShares Short Treasury Bond ETF by 0.6% in the first quarter. Sweeney & Michel LLC now owns 20,841 shares of the company’s stock valued at $2,297,000 after purchasing an additional 131 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.