Institute for Wealth Management LLC. Makes New $204,000 Investment in iShares 3-7 Year Treasury Bond ETF $IEI

Institute for Wealth Management LLC. purchased a new position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the second quarter, HoldingsChannel reports. The firm purchased 1,714 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds have also modified their holdings of IEI. GAMMA Investing LLC lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 11,712.7% in the first quarter. GAMMA Investing LLC now owns 6,497 shares of the company’s stock worth $768,000 after buying an additional 6,442 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF in the first quarter worth $38,000. RFG Advisory LLC lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 192.9% in the first quarter. RFG Advisory LLC now owns 5,983 shares of the company’s stock worth $707,000 after buying an additional 3,940 shares in the last quarter. Maltin Wealth Management Inc. purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF in the first quarter worth $2,141,000. Finally, Chesley Taft & Associates LLC lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 3.9% in the first quarter. Chesley Taft & Associates LLC now owns 18,020 shares of the company’s stock worth $2,129,000 after buying an additional 678 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

IEI stock opened at $119.52 on Friday. iShares 3-7 Year Treasury Bond ETF has a one year low of $114.51 and a one year high of $120.29. The company’s fifty day moving average price is $119.27 and its 200-day moving average price is $118.41.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be issued a $0.3462 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, October 1st.

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).