LPL Financial LLC Raises Holdings in iShares 3-7 Year Treasury Bond ETF $IEI

LPL Financial LLC lifted its stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 11.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,454,299 shares of the company’s stock after acquiring an additional 250,345 shares during the quarter. LPL Financial LLC’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $292,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 359,794 shares of the company’s stock worth $42,941,000 after buying an additional 17,023 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in iShares 3-7 Year Treasury Bond ETF by 11.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 284,873 shares of the company’s stock worth $34,000,000 after purchasing an additional 28,803 shares in the last quarter. Napier Financial LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth approximately $20,317,000. JPMorgan Chase & Co. boosted its position in iShares 3-7 Year Treasury Bond ETF by 7.2% during the fourth quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock worth $2,111,829,000 after purchasing an additional 1,180,896 shares in the last quarter. Finally, SouthState Bank Corp boosted its position in iShares 3-7 Year Treasury Bond ETF by 5.1% during the fourth quarter. SouthState Bank Corp now owns 2,286 shares of the company’s stock worth $273,000 after purchasing an additional 111 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Trading Down 0.0%

Shares of IEI stock opened at $116.71 on Tuesday. The business’s 50 day moving average is $117.91 and its two-hundred day moving average is $118.90. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $116.51 and a 12-month high of $120.78.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.3694 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.36. The ex-dividend date was Monday, June 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.