iShares 1-3 Year Treasury Bond ETF $SHY Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 45.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,056,211 shares of the company’s stock after purchasing an additional 640,953 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $170,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHY. Gables Capital Management Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 620.1% in the fourth quarter. Gables Capital Management Inc. now owns 1,469 shares of the company’s stock worth $122,000 after acquiring an additional 1,265 shares during the period. Mullooly Asset Management Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 13.7% during the fourth quarter. Mullooly Asset Management Inc. now owns 14,860 shares of the company’s stock valued at $1,231,000 after purchasing an additional 1,791 shares during the period. McKinley Carter Wealth Services Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $2,029,000. L.K. Benson & Company P.C. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 81.2% in the fourth quarter. L.K. Benson & Company P.C. now owns 9,344 shares of the company’s stock valued at $774,000 after purchasing an additional 4,187 shares during the last quarter. Finally, Stronghold Wealth Management L.L.C. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $1,350,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY opened at $82.15 on Thursday. The stock has a 50-day simple moving average of $82.40 and a two-hundred day simple moving average of $82.70. The firm has a market capitalization of $25.15 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $82.00 and a fifty-two week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a dividend of $0.2428 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 1st.

About iShares 1-3 Year Treasury Bond ETF

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.