iShares Short Treasury Bond ETF (NYSE:SHV) Reaches New 52-Week Low – What’s Next?

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

iShares Short Treasury Bond ETF Trading Down 0.2%

The company’s 50 day moving average price is $110.22 and its 200-day moving average price is $110.23.

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in iShares Short Treasury Bond ETF by 18.6% during the 4th quarter. LPL Financial LLC now owns 3,063,342 shares of the company’s stock worth $337,427,000 after purchasing an additional 479,397 shares in the last quarter. Wealthfront Advisers LLC lifted its position in iShares Short Treasury Bond ETF by 26.6% during the first quarter. Wealthfront Advisers LLC now owns 2,048,039 shares of the company’s stock valued at $226,083,000 after buying an additional 430,574 shares in the last quarter. Royal Bank of Canada grew its stake in iShares Short Treasury Bond ETF by 53.4% during the first quarter. Royal Bank of Canada now owns 1,369,661 shares of the company’s stock worth $151,197,000 after buying an additional 477,064 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in iShares Short Treasury Bond ETF by 7.0% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,331,705 shares of the company’s stock worth $147,012,000 after buying an additional 86,634 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of iShares Short Treasury Bond ETF by 11.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 528,070 shares of the company’s stock worth $58,167,000 after acquiring an additional 56,247 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.