iShares 3-7 Year Treasury Bond ETF $IEI Shares Newly Purchased by Studio Investment Management LLC

Studio Investment Management LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 6,595 shares of the company’s stock, valued at approximately $748,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IEI. Curry Webb Wealth Management LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF during the third quarter worth about $165,000. Brookstone Capital Management acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at approximately $3,596,000. NBT Bank N.A. acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at approximately $380,000. Cadinha & Co. LLC acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at approximately $1,106,000. Finally, Woodward Diversified Capital LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 4.5% in the 3rd quarter. Woodward Diversified Capital LLC now owns 4,466 shares of the company’s stock valued at $507,000 after buying an additional 191 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Performance

NASDAQ IEI opened at $114.79 on Friday. iShares 3-7 Year Treasury Bond ETF has a 52 week low of $112.88 and a 52 week high of $120.78. The stock’s 50 day moving average price is $114.77 and its two-hundred day moving average price is $116.43.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

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

About iShares 3-7 Year Treasury Bond ETF

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.