Pinnacle Financial Partners Inc Reduces Stock Holdings in iShares Short Treasury Bond ETF $SHV

Pinnacle Financial Partners Inc reduced its stake in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 51.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,393 shares of the company’s stock after selling 13,080 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares Short Treasury Bond ETF were worth $1,369,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of iShares Short Treasury Bond ETF by 22.3% during the second quarter. Bank of America Corp DE now owns 3,172,414 shares of the company’s stock valued at $350,298,000 after buying an additional 579,074 shares during the period. Gallagher Fiduciary Advisors LLC boosted its position in iShares Short Treasury Bond ETF by 10,459.3% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 469,255 shares of the company’s stock valued at $51,815,000 after acquiring an additional 464,811 shares in the last quarter. NFP Retirement Inc. grew its holdings in shares of iShares Short Treasury Bond ETF by 45.3% during the 2nd quarter. NFP Retirement Inc. now owns 1,245,522 shares of the company’s stock worth $137,531,000 after acquiring an additional 388,096 shares during the period. Global Retirement Partners LLC purchased a new position in shares of iShares Short Treasury Bond ETF during the 2nd quarter worth approximately $34,795,000. Finally, Quadrature Capital Ltd bought a new position in shares of iShares Short Treasury Bond ETF in the 2nd quarter worth approximately $31,630,000. 7.10% of the stock is currently owned by institutional investors.

iShares Short Treasury Bond ETF Stock Performance

SHV opened at $110.31 on Friday. iShares Short Treasury Bond ETF has a 52 week low of $110.02 and a 52 week high of $110.51. The business has a 50 day moving average of $110.24 and a 200-day moving average of $110.27.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a $0.3569 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

About iShares Short Treasury Bond ETF

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.