Sowell Financial Services LLC Makes New Investment in iShares 3-7 Year Treasury Bond ETF $IEI

Sowell Financial Services LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,123 shares of the company’s stock, valued at approximately $1,489,000.

Several other institutional investors have also bought and sold shares of IEI. Pinnacle Associates Ltd. increased its stake in iShares 3-7 Year Treasury Bond ETF by 6.8% during the third quarter. Pinnacle Associates Ltd. now owns 47,249 shares of the company’s stock worth $5,360,000 after acquiring an additional 3,015 shares during the last quarter. Portfolio Resources Advisor Group Inc. lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 4.2% in the 3rd quarter. Portfolio Resources Advisor Group Inc. now owns 2,598 shares of the company’s stock valued at $295,000 after purchasing an additional 105 shares during the last quarter. Robinson Value Management Ltd. lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 8.5% in the 3rd quarter. Robinson Value Management Ltd. now owns 22,879 shares of the company’s stock valued at $2,595,000 after purchasing an additional 1,796 shares during the last quarter. MBM Wealth Consultants LLC boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 7.6% in the 3rd quarter. MBM Wealth Consultants LLC now owns 119,476 shares of the company’s stock worth $13,553,000 after purchasing an additional 8,421 shares during the period. Finally, Vision Capital Management Inc. purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 3rd quarter worth approximately $4,180,000.

iShares 3-7 Year Treasury Bond ETF Price Performance

NASDAQ IEI opened at $114.67 on Friday. The business’s 50 day moving average price is $114.73 and its 200-day moving average price is $116.42. iShares 3-7 Year Treasury Bond ETF has a fifty-two week low of $112.88 and a fifty-two week high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.3683 per share. The ex-dividend date of this dividend was 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 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.