iShares 3-7 Year Treasury Bond ETF $IEI Holdings Lowered by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lowered its stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 99.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,672 shares of the company’s stock after selling 2,252,097 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $1,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 39.7% during the first quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock worth $1,096,181,000 after purchasing an additional 2,627,948 shares during the period. Greenleaf Trust acquired a new position in iShares 3-7 Year Treasury Bond ETF in the second quarter valued at about $52,932,000. Evergreen Capital Management LLC acquired a new position in iShares 3-7 Year Treasury Bond ETF in the third quarter valued at about $104,931,000. New Harbor Financial Group LLC acquired a new position in iShares 3-7 Year Treasury Bond ETF in the third quarter valued at about $35,072,000. Finally, Assetmark Inc. boosted its holdings in iShares 3-7 Year Treasury Bond ETF by 9.8% during the first quarter. Assetmark Inc. now owns 3,352,425 shares of the company’s stock worth $397,598,000 after buying an additional 300,397 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of IEI opened at $114.61 on Wednesday. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $112.88 and a 1 year high of $120.78. The stock’s 50-day moving average price is $114.67 and its two-hundred day moving average price is $117.22.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.3683 dividend. This is a drop from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.42 dividend on an annualized basis and a dividend yield of 3.9%.

iShares 3-7 Year Treasury Bond ETF Company Profile

iShares 3-7 Year Treasury Bond ETF (the Fund), formerly iShares Barclays 3-7 Year Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.