BTS Asset Management Inc. Makes New Investment in iShares 3-7 Year Treasury Bond ETF $IEI

BTS Asset Management Inc. bought a new position in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,802 shares of the company’s stock, valued at approximately $453,000. iShares 3-7 Year Treasury Bond ETF makes up 0.5% of BTS Asset Management Inc.’s holdings, making the stock its 12th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 102.9% during the 2nd quarter. Beacon Capital Management LLC now owns 211 shares of the company’s stock worth $25,000 after buying an additional 107 shares in the last quarter. LRI Investments LLC lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 231.1% during the 2nd quarter. LRI Investments LLC now owns 245 shares of the company’s stock worth $29,000 after buying an additional 171 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in iShares 3-7 Year Treasury Bond ETF during the 1st quarter worth approximately $36,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in iShares 3-7 Year Treasury Bond ETF during the 2nd quarter worth approximately $36,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 354.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 377 shares of the company’s stock worth $45,000 after buying an additional 294 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEI opened at $120.36 on Wednesday. iShares 3-7 Year Treasury Bond ETF has a 52 week low of $114.51 and a 52 week high of $120.42. The company’s 50 day moving average is $119.56 and its two-hundred day moving average is $118.58.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a $0.3462 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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).