Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 97,252 shares of the company’s stock, valued at approximately $11,032,000.
Several other hedge funds also recently modified their holdings of IEI. Nvwm LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the third quarter valued at about $38,000. Pension & Wealth Management Advisors Inc. acquired a new position in iShares 3-7 Year Treasury Bond ETF in the third quarter valued at about $49,000. BankChampaign National Association bought a new stake in iShares 3-7 Year Treasury Bond ETF during the first quarter worth about $54,000. RMG Wealth Management LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the first quarter worth approximately $76,000. Finally, Weaver Capital Management LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF in the third quarter valued at approximately $73,000.
iShares 3-7 Year Treasury Bond ETF Stock Performance
IEI stock opened at $115.09 on Thursday. The company has a 50 day moving average price of $114.47 and a 200 day moving average price of $117.09. 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 Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.3809 per share. The ex-dividend date is Monday, November 2nd. This represents a $4.57 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3683.
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.
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