PNC Financial Services Group Inc. Boosts Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

PNC Financial Services Group Inc. grew its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,367,282 shares of the company’s stock after buying an additional 36,788 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $113,293,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after buying an additional 125 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $39,000. Flaharty Asset Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $40,000. Finally, Garrison Bradford & Associates Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $41,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

SHY stock opened at $82.85 on Thursday. The firm has a 50-day moving average of $82.92 and a two-hundred day moving average of $82.70. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.67 and a 12 month high of $83.14. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were given a dividend of $0.2627 per share. The ex-dividend date was Monday, November 3rd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.