Parkway Wealth Management Group LLC Boosts Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Parkway Wealth Management Group LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,740 shares of the company’s stock after acquiring an additional 8,709 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for about 1.5% of Parkway Wealth Management Group LLC’s holdings, making the stock its 12th biggest position. Parkway Wealth Management Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $12,097,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MCF Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $29,000. Holos Integrated Wealth LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $29,000. Valley National Advisers Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock valued at $37,000 after acquiring an additional 150 shares in the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0%

NASDAQ SHY opened at $82.09 on Friday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.86 and a twelve month high of $83.20. The stock’s 50-day simple moving average is $82.19 and its two-hundred day simple moving average is $82.55. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.2429 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, June 1st.

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.