Pinnacle Financial Partners Inc Has $18.39 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Pinnacle Financial Partners Inc decreased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.6% in the third quarter, Holdings Channel reports. The firm owned 221,688 shares of the company’s stock after selling 18,160 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $18,391,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SHY. Kingstone Capital Partners Texas LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 593,415.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 45,617,609 shares of the company’s stock worth $3,728,910,000 after buying an additional 45,609,923 shares in the last quarter. Assetmark Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 123.2% during the second quarter. Assetmark Inc. now owns 7,098,025 shares of the company’s stock worth $588,142,000 after acquiring an additional 3,917,307 shares in the last quarter. Bank of New York Mellon Corp raised its stake in iShares 1-3 Year Treasury Bond ETF by 74.0% during the second quarter. Bank of New York Mellon Corp now owns 6,430,879 shares of the company’s stock worth $532,863,000 after acquiring an additional 2,734,684 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8,100.4% during the second quarter. Laurel Wealth Advisors LLC now owns 2,519,904 shares of the company’s stock valued at $208,799,000 after acquiring an additional 2,489,175 shares during the period. Finally, Mizuho Markets Americas LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 654.7% in the 2nd quarter. Mizuho Markets Americas LLC now owns 2,586,103 shares of the company’s stock valued at $214,284,000 after purchasing an additional 2,243,457 shares in the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.79 on Friday. The firm has a market cap of $23.67 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm’s 50-day simple moving average is $82.86 and its 200-day simple moving average is $82.81. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.87 and a twelve month high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.2548 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 19th.

iShares 1-3 Year Treasury Bond ETF Company Profile

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.