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

Parkway Wealth Management Group LLC trimmed its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,095 shares of the company’s stock after selling 18,361 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up 1.2% of Parkway Wealth Management Group LLC’s holdings, 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 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SHY. Whittier Trust Co. of Nevada Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares during the period. Mather Group LLC. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $30,000. Weaver Capital Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $38,000. 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%

Shares of NASDAQ SHY opened at $81.31 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20. The stock has a 50 day moving average of $81.51 and a 200-day moving average of $81.91. The company has a market capitalization 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 Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.2410 dividend. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st. This represents a $2.89 dividend on an annualized basis and a yield of 3.6%.

iShares 1-3 Year Treasury Bond ETF Company 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.