Cabot Wealth Management Inc. Purchases New Position in iShares 3-7 Year Treasury Bond ETF $IEI

Cabot Wealth Management Inc. acquired a new stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 94,492 shares of the company’s stock, valued at approximately $10,719,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF during the third quarter worth approximately $27,000. Nvwm LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 3rd quarter worth $38,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 3rd quarter worth $49,000. BankChampaign National Association acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the 1st quarter valued at $54,000. Finally, Weaver Capital Management LLC acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at $73,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of IEI stock opened at $114.39 on Thursday. The firm has a fifty day simple moving average of $114.34 and a two-hundred day simple moving average of $116.99. iShares 3-7 Year Treasury Bond ETF has a 12 month low of $112.88 and a 12 month high of $120.78.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

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

iShares 3-7 Year Treasury Bond ETF 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.