Kovack Advisors Inc. Sells 600 Shares of iShares 3-7 Year Treasury Bond ETF $IEI

Kovack Advisors Inc. cut its stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 26.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,696 shares of the company’s stock after selling 600 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Mutual Advisors LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the 1st quarter worth $610,000. Brookstone Capital Management lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 15.3% during the 1st quarter. Brookstone Capital Management now owns 12,673 shares of the company’s stock worth $1,497,000 after acquiring an additional 1,681 shares during the last quarter. World Investment Advisors lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 131.4% during the 1st quarter. World Investment Advisors now owns 28,709 shares of the company’s stock worth $3,392,000 after acquiring an additional 16,301 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in iShares 3-7 Year Treasury Bond ETF by 54.1% during the first quarter. Bank of New York Mellon Corp now owns 318,560 shares of the company’s stock worth $37,633,000 after purchasing an additional 111,822 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in iShares 3-7 Year Treasury Bond ETF by 7.6% during the first quarter. Concurrent Investment Advisors LLC now owns 11,177 shares of the company’s stock worth $1,320,000 after purchasing an additional 787 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Down 0.3%

Shares of IEI stock opened at $119.35 on Tuesday. The business has a 50-day moving average price of $119.74 and a two-hundred day moving average price of $118.73. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $114.51 and a 12-month high of $120.42.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 6th. Investors of record on Monday, November 3rd will be given a $0.3662 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, November 3rd. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.35.

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).