Parkway Wealth Management Group LLC Sells 18,361 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Parkway Wealth Management Group LLC reduced its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 12.6% during the 3rd quarter, Holdings Channel reports. The fund owned 127,095 shares of the company’s stock after selling 18,361 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up about 1.2% of Parkway Wealth Management Group LLC’s investment portfolio, making the stock its 15th largest position. Parkway Wealth Management Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock worth $1,292,182,000 after acquiring an additional 3,451,890 shares during the period. Bank of New York Mellon Corp increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after purchasing an additional 165,473 shares during the period. RPOA Advisors Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $301,889,000. The Manufacturers Life Insurance Company increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 225.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock worth $291,110,000 after purchasing an additional 2,454,485 shares during the period. Finally, Assetmark Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 46.1% during the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock worth $262,216,000 after purchasing an additional 1,002,453 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1%

NASDAQ:SHY opened at $81.31 on Tuesday. The stock has a 50 day simple moving average of $81.51 and a 200 day simple moving average of $81.91. The stock has a market cap of $26.95 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.95 and a 1-year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2410 per share. This represents a $2.89 annualized dividend and a yield of 3.6%. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.