PNC Financial Services Group Inc. Has $200.54 Million Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

PNC Financial Services Group Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,428,740 shares of the company’s stock after acquiring an additional 372,529 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $200,541,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Quent Long Short Global Small Cap Fund LP bought a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $53,414,000. Innova Wealth Partners raised its holdings in iShares 1-3 Year Treasury Bond ETF by 134.6% in the 1st quarter. Innova Wealth Partners now owns 318,143 shares of the company’s stock valued at $26,269,000 after acquiring an additional 182,540 shares in the last quarter. Finer Wealth Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $1,685,000. Fifth Third Securities Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 79.5% during the 4th quarter. Fifth Third Securities Inc. now owns 40,864 shares of the company’s stock valued at $3,384,000 after acquiring an additional 18,099 shares during the period. Finally, Stapp Wealth Management Pllc lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 211.2% during the 4th quarter. Stapp Wealth Management Pllc now owns 13,302 shares of the company’s stock valued at $1,102,000 after acquiring an additional 9,027 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $81.83 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.79 and a 52-week high of $83.20. The firm has a market cap of $25.45 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The business’s fifty day moving average is $82.02 and its 200-day moving average is $82.44.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.