Parkway Wealth Management Group LLC Purchases 8,709 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Parkway Wealth Management Group LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report) by 6.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 146,740 shares of the company’s stock after purchasing an additional 8,709 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 1.5% of Parkway Wealth Management Group LLC’s investment portfolio, making the stock its 12th largest 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 Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SHY. Captrust Financial Advisors boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 17,964,759 shares of the company’s stock worth $1,487,841,000 after acquiring an additional 940,434 shares in the last quarter. Bank of America Corp DE raised its stake in iShares 1-3 Year Treasury Bond ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock valued at $973,965,000 after buying an additional 133,178 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares 1-3 Year Treasury Bond ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after buying an additional 467,629 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock valued at $438,351,000 after buying an additional 4,206,546 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in iShares 1-3 Year Treasury Bond ETF by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,213,941 shares of the company’s stock valued at $431,819,000 after purchasing an additional 45,271 shares during the period. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

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

iShares 1-3 Year Treasury Bond ETF stock opened at $82.09 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.86 and a 12-month high of $83.20. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm has a 50 day moving average of $82.19 and a 200 day moving average of $82.55.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report).

Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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