PNC Financial Services Group Inc. Acquires 372,529 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

PNC Financial Services Group Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 18.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,428,740 shares of the company’s stock after purchasing an additional 372,529 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.79% of iShares 1-3 Year Treasury Bond ETF worth $200,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. Valley National Advisers Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $38,000. 23.15% of the stock is owned by institutional investors.

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iShares 1-3 Year Treasury Bond ETF Stock Down 0.1%

Shares of SHY stock opened at $81.83 on Thursday. The firm has a 50 day moving average price of $82.02 and a two-hundred day moving average price of $82.44. The company has a market capitalization of $25.45 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.79 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.2383 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

iShares 1-3 Year Treasury Bond ETF Profile

(Free Report)

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.

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