Meridian Wealth Management LLC Sells 6,051 Shares of iShares 3-7 Year Treasury Bond ETF $IEI

Meridian Wealth Management LLC cut its position in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 41.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,697 shares of the company’s stock after selling 6,051 shares during the period. Meridian Wealth Management LLC’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $1,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avion Wealth boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 111.8% during the 2nd quarter. Avion Wealth now owns 216 shares of the company’s stock valued at $25,000 after buying an additional 114 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in iShares 3-7 Year Treasury Bond ETF during the 2nd quarter valued at about $25,000. LRI Investments LLC boosted its stake in iShares 3-7 Year Treasury Bond ETF by 231.1% during the second quarter. LRI Investments LLC now owns 245 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF in the second quarter worth about $34,000. Finally, Sound Income Strategies LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF in the third quarter worth about $36,000.

iShares 3-7 Year Treasury Bond ETF Trading Down 0.4%

IEI stock opened at $118.82 on Tuesday. The firm has a 50 day moving average price of $119.43 and a 200-day moving average price of $119.42. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $115.18 and a 52-week high of $120.43.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be issued a $0.367 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, February 2nd.

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.