Weaver Capital Management LLC Invests $27.44 Million in iShares 3-7 Year Treasury Bond ETF $IEI

Weaver Capital Management LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 231,359 shares of the company’s stock, valued at approximately $27,439,000. iShares 3-7 Year Treasury Bond ETF makes up about 6.0% of Weaver Capital Management LLC’s holdings, making the stock its largest position. Weaver Capital Management LLC owned about 0.15% of iShares 3-7 Year Treasury Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in iShares 3-7 Year Treasury Bond ETF by 7.2% in the 4th quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock worth $2,111,829,000 after acquiring an additional 1,180,896 shares in the last quarter. Captrust Financial Advisors raised its position in iShares 3-7 Year Treasury Bond ETF by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 5,924,603 shares of the company’s stock worth $707,101,000 after acquiring an additional 281,282 shares during the period. Financial Engines Advisors L.L.C. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 0.8% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 4,287,913 shares of the company’s stock valued at $511,762,000 after purchasing an additional 33,946 shares in the last quarter. Assetmark Inc. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 6.6% during the fourth quarter. Assetmark Inc. now owns 3,052,028 shares of the company’s stock valued at $364,260,000 after purchasing an additional 190,019 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 11.8% during the second quarter. Ameriprise Financial Inc. now owns 2,741,689 shares of the company’s stock valued at $327,059,000 after purchasing an additional 290,112 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Trading Up 0.1%

Shares of NASDAQ IEI opened at $117.07 on Wednesday. The company’s 50-day simple moving average is $117.64 and its 200-day simple moving average is $118.67. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $116.51 and a 52-week high of $120.78.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3694 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.36.

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.