iShares 3-7 Year Treasury Bond ETF $IEI Stake Lessened by Royal Fund Management LLC

Royal Fund Management LLC lessened its holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 51.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,920 shares of the company’s stock after selling 6,226 shares during the quarter. Royal Fund Management LLC’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Meridian Wealth Management LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 0.6% during the second quarter. Meridian Wealth Management LLC now owns 14,748 shares of the company’s stock valued at $1,756,000 after buying an additional 90 shares during the period. Channel Wealth LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 2.4% during the third quarter. Channel Wealth LLC now owns 4,178 shares of the company’s stock valued at $499,000 after purchasing an additional 96 shares in the last quarter. Bensler LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 5.2% during the second quarter. Bensler LLC now owns 1,971 shares of the company’s stock valued at $235,000 after purchasing an additional 97 shares in the last quarter. Wealthquest Corp increased its stake in iShares 3-7 Year Treasury Bond ETF by 5.0% in the 2nd quarter. Wealthquest Corp now owns 2,068 shares of the company’s stock valued at $246,000 after buying an additional 99 shares during the period. Finally, King Wealth Management Group lifted its position in iShares 3-7 Year Treasury Bond ETF by 5.0% in the 2nd quarter. King Wealth Management Group now owns 2,182 shares of the company’s stock worth $260,000 after buying an additional 103 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEI opened at $119.08 on Monday. The firm has a fifty day moving average of $119.56 and a two-hundred day moving average of $119.33. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $115.18 and a 12-month high of $120.43.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a $0.3711 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 19th. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.35.

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). 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.