PNC Financial Services Group Inc. Increases Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Posted by Editorial Team on Nov 20th, 2024

PNC Financial Services Group Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 3.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,019,184 shares of the company’s stock after purchasing an additional 35,253 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $84,745,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHY. Edgestream Partners L.P. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.3% during the 1st quarter. Edgestream Partners L.P. now owns 10,538 shares of the company’s stock valued at $862,000 after buying an additional 337 shares in the last quarter. Natixis purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth approximately $4,596,000. CreativeOne Wealth LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 185.0% in the 1st quarter. CreativeOne Wealth LLC now owns 25,959 shares of the company’s stock worth $2,123,000 after purchasing an additional 16,851 shares during the period. Rodgers Brothers Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 69.4% in the 1st quarter. Rodgers Brothers Inc. now owns 12,200 shares of the company’s stock worth $998,000 after purchasing an additional 5,000 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in iShares 1-3 Year Treasury Bond ETF by 87.8% in the 1st quarter. 1832 Asset Management L.P. now owns 692,357 shares of the company’s stock worth $56,621,000 after purchasing an additional 323,613 shares during the period. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.08 on Wednesday. The business’s 50 day simple moving average is $82.58 and its two-hundred day simple moving average is $82.16. The stock has a market capitalization of $22.17 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.2831 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Friday, November 1st.

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.