iShares International Treasury Bond ETF (NASDAQ:IGOV) Sees Large Volume Increase – Still a Buy?

Shares of iShares International Treasury Bond ETF (NASDAQ:IGOV) saw strong trading volume on Wednesday . 731,444 shares were traded during mid-day trading, an increase of 87% from the previous session’s volume of 391,434 shares.The stock last traded at $40.88 and had previously closed at $40.79.

iShares International Treasury Bond ETF Stock Performance

The company’s 50 day simple moving average is $41.33 and its 200-day simple moving average is $41.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new stake in iShares International Treasury Bond ETF in the 4th quarter worth approximately $32,000. Franklin Resources Inc. bought a new stake in shares of iShares International Treasury Bond ETF in the fourth quarter worth $44,000. Quattro Advisors LLC bought a new stake in shares of iShares International Treasury Bond ETF in the fourth quarter worth $125,000. SHP Wealth Management purchased a new stake in iShares International Treasury Bond ETF during the fourth quarter valued at $136,000. Finally, Smartleaf Asset Management LLC increased its position in iShares International Treasury Bond ETF by 2,023.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,862 shares of the company’s stock valued at $203,000 after acquiring an additional 4,633 shares during the last quarter.

iShares International Treasury Bond ETF Company Profile

iShares International Treasury Bond ETF, formerly iShares S&P/Citigroup International Treasury Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the S&P/Citigroup International Treasury Bond Index Ex US (the Index). The Index is a market value-weighted index designed to measure the performance of bonds denominated in local currencies and issued by foreign governments in developed market countries outside the United States.