Boltwood Capital Management Purchases New Stake in iShares 3-7 Year Treasury Bond ETF $IEI

Boltwood Capital Management purchased a new stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 101,696 shares of the company’s stock, valued at approximately $11,536,000. iShares 3-7 Year Treasury Bond ETF makes up approximately 2.6% of Boltwood Capital Management’s portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cardinal Strategic Wealth Guidance bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the 1st quarter worth $25,000. Howe & Rusling Inc. raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 111.0% during the first quarter. Howe & Rusling Inc. now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 111 shares during the period. BankChampaign National Association purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the first quarter valued at $54,000. SHP Wealth Management purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the fourth quarter valued at $59,000. Finally, Longview Financial Advisors Inc. acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 1st quarter valued at $63,000.

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

IEI traded down $0.23 during trading on Friday, reaching $113.17. The company had a trading volume of 6,305,547 shares, compared to its average volume of 1,826,319. The firm’s 50-day simple moving average is $115.59 and its 200 day simple moving average is $116.92. 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 Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be issued a $0.3683 dividend. The ex-dividend date is 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 annualized dividend and a dividend yield of 3.9%.

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.