Sowell Financial Services LLC Buys New Position in iShares 3-7 Year Treasury Bond ETF $IEI

Sowell Financial Services LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,123 shares of the company’s stock, valued at approximately $1,489,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JGP Wealth Management LLC increased its position in iShares 3-7 Year Treasury Bond ETF by 2.3% in the 2nd quarter. JGP Wealth Management LLC now owns 3,877 shares of the company’s stock worth $455,000 after buying an additional 89 shares during the period. Hardin Capital Partners LLC boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 5.2% in the third quarter. Hardin Capital Partners LLC now owns 1,802 shares of the company’s stock valued at $204,000 after acquiring an additional 89 shares during the period. Portfolio Resources Advisor Group Inc. boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 4.2% in the third quarter. Portfolio Resources Advisor Group Inc. now owns 2,598 shares of the company’s stock valued at $295,000 after acquiring an additional 105 shares during the period. Howe & Rusling Inc. boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 111.0% in the first quarter. Howe & Rusling Inc. now owns 211 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the period. Finally, One Day In July LLC grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 0.5% in the first quarter. One Day In July LLC now owns 24,490 shares of the company’s stock worth $2,905,000 after acquiring an additional 125 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of iShares 3-7 Year Treasury Bond ETF stock opened at $115.33 on Friday. The company’s fifty day simple moving average is $114.57 and its 200-day simple moving average is $117.15. 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 Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued 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 yield of 3.8%.

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.