Invesco Short Term Treasury ETF (NYSEARCA:TBLL) Sees Strong Trading Volume – Still a Buy?

Invesco Short Term Treasury ETF (NYSEARCA:TBLL) shares saw strong trading volume on Monday . Approximately 323,133 shares traded hands during trading, an increase of 6% from the previous session’s volume of 303,472 shares.The stock last traded at $105.7250 and had previously closed at $105.72.

Invesco Short Term Treasury ETF Price Performance

The company’s 50-day simple moving average is $105.67 and its 200-day simple moving average is $105.64.

Institutional Investors Weigh In On Invesco Short Term Treasury ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in shares of Invesco Short Term Treasury ETF in the second quarter worth $766,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco Short Term Treasury ETF in the second quarter worth about $6,987,000. Kintra Wealth LLC increased its position in shares of Invesco Short Term Treasury ETF by 2.7% in the second quarter. Kintra Wealth LLC now owns 38,956 shares of the company’s stock worth $4,120,000 after acquiring an additional 1,027 shares in the last quarter. Anson Capital Inc. acquired a new stake in shares of Invesco Short Term Treasury ETF during the second quarter valued at approximately $291,000. Finally, Highland Investment Advisors LLC purchased a new stake in shares of Invesco Short Term Treasury ETF in the 2nd quarter valued at approximately $209,000.

About Invesco Short Term Treasury ETF

The Invesco Short Term Treasury ETF (TBLL) is an exchange-traded fund that is based on the ICE US Treasury Short Bond index. The fund tracks a market-weighted index of debt issued by the US Treasury. Remaining maturity must be between 1-12 months. TBLL was launched on Jan 12, 2017 and is issued by Invesco.