PNC Financial Services Group Inc. Acquires 109,504 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

PNC Financial Services Group Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,128,688 shares of the company’s stock after purchasing an additional 109,504 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $92,530,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. CWA Asset Management Group LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $12,343,000. Tompkins Financial Corp boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 22.8% in the 3rd quarter. Tompkins Financial Corp now owns 82,169 shares of the company’s stock worth $6,832,000 after buying an additional 15,251 shares during the period. Objective Capital Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $1,303,000. Proficio Capital Partners LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 46.9% during the third quarter. Proficio Capital Partners LLC now owns 70,943 shares of the company’s stock worth $5,899,000 after purchasing an additional 22,645 shares during the last quarter. Finally, ESL Trust Services LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 40.4% during the 3rd quarter. ESL Trust Services LLC now owns 2,014 shares of the company’s stock valued at $167,000 after buying an additional 580 shares in the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.38 on Friday. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 3,755.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The stock’s 50 day simple moving average is $82.12 and its 200 day simple moving average is $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.2531 per share. The ex-dividend date of this dividend was Monday, March 3rd.

iShares 1-3 Year Treasury Bond ETF 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.