Burke & Herbert Bank & Trust Co. Buys New Position in iShares 3-7 Year Treasury Bond ETF $IEI

Burke & Herbert Bank & Trust Co. bought a new position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,332 shares of the company’s stock, valued at approximately $1,512,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IEI. Bank of America Corp DE boosted its stake in iShares 3-7 Year Treasury Bond ETF by 39.7% during the 1st quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock valued at $1,096,181,000 after purchasing an additional 2,627,948 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares 3-7 Year Treasury Bond ETF by 9.8% in the 1st 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the 3rd quarter worth $283,503,000. Royal Bank of Canada lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 1,113,025 shares of the company’s stock valued at $132,004,000 after buying an additional 5,121 shares during the period. Finally, WestEnd Advisors LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the third quarter valued at $127,896,000.

iShares 3-7 Year Treasury Bond ETF Price Performance

NASDAQ:IEI traded down $0.16 during mid-day trading on Friday, reaching $115.29. 1,776,612 shares of the stock were exchanged, compared to its average volume of 1,863,030. The business has a fifty day moving average price of $114.42 and a 200 day moving average price of $117.05. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $112.88 and a 1-year high of $120.78.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a $0.3809 dividend. The ex-dividend date was Monday, November 2nd. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3683. This represents a $4.57 annualized dividend and a dividend yield of 4.0%.

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.