13,123 Shares in iShares 3-7 Year Treasury Bond ETF $IEI Acquired by Sowell Financial Services LLC

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

Several other hedge funds also recently bought and sold shares of the business. Bank of America Corp DE increased its stake in iShares 3-7 Year Treasury Bond ETF by 39.7% in the first quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock worth $1,096,181,000 after purchasing an additional 2,627,948 shares during the period. Greenleaf Trust bought a new stake in iShares 3-7 Year Treasury Bond ETF during the 2nd quarter valued at about $52,932,000. Assetmark Inc. boosted its position in 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 valued at $397,598,000 after buying an additional 300,397 shares during the period. Courier Capital LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at about $28,094,000. Finally, CVS HEALTH Corp purchased a new stake in iShares 3-7 Year Treasury Bond ETF in the 1st quarter valued at about $21,680,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of IEI stock opened at $114.67 on Friday. The company’s 50-day simple moving average is $114.73 and its two-hundred day simple moving average is $116.42. iShares 3-7 Year Treasury Bond ETF has a one year low of $112.88 and a one year high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

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

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.