New Jersey's Treasury Department said Thursday that its public pension fund had sold off its last investment in a manufacturer of automatic and semi-automatic weapons for civilian use.

The department's Division of Investment sold its position in Vista Outdoor, a Utah-based company that "designs, develops and manufactures ammunition, long guns and related equipment products," according to its website.

Chris McDonough, the director of the New Jersey Treasury's Division of Investment, said in a statement that the decision to sell off holdings in such companies was prompted by a deadly school shooting in Parkland, Fla., last month.

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"After the tragedy in Parkland, we examined our holdings to identify companies which might be adversely financially impacted by a changing landscape as it relates to certain types of firearms," he said.

"Vista Outdoor was the only holding we identified that manufactures semi-automatic or automatic weapons for civilian use," he added. "We had already been reducing the position over time and, consistent with our fiduciary responsibility, we recently sold our remaining position based on the merits of the investment."

The decision comes as other public pension funds and companies weigh their relationships and holdings with firearms manufacturers.

Superstore chain Fred Meyer announced earlier this month, for example, that it would stop selling guns at its stores.

The board of California Public Employees’ Retirement System, the country's largest public pension fund, said earlier this month that it would not immediately divest from assault-style weapons retailers. The fund has already stopped investing in companies that manufacture such weapons.