Frontier Asset Management LLC Takes Position in iShares 3-7 Year Treasury Bond ETF $IEI

Frontier Asset Management LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 64,031 shares of the company’s stock, valued at approximately $7,642,000. iShares 3-7 Year Treasury Bond ETF comprises approximately 1.8% of Frontier Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Oxbow Advisors LLC increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 4.9% during the fourth quarter. Oxbow Advisors LLC now owns 2,146 shares of the company’s stock valued at $256,000 after acquiring an additional 101 shares in the last quarter. Vectors Research Management LLC increased its holdings in iShares 3-7 Year Treasury Bond ETF by 3.9% in the 4th quarter. Vectors Research Management LLC now owns 160,211 shares of the company’s stock worth $19,121,000 after buying an additional 6,057 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth approximately $83,000. Patten & Patten Inc. TN acquired a new position in iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth approximately $7,304,000. Finally, International Assets Investment Management LLC acquired a new position in iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth approximately $115,000.

iShares 3-7 Year Treasury Bond ETF Trading Up 0.2%

Shares of NASDAQ:IEI opened at $118.05 on Friday. iShares 3-7 Year Treasury Bond ETF has a twelve month low of $116.89 and a twelve month high of $120.78. The company’s 50 day moving average is $118.73 and its 200 day moving average is $119.28.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.3597 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, May 1st.

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.