Boltwood Capital Management Acquires New Stake in iShares 3-7 Year Treasury Bond ETF $IEI

Boltwood Capital Management bought a new position in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 101,696 shares of the company’s stock, valued at approximately $11,536,000. iShares 3-7 Year Treasury Bond ETF makes up approximately 2.6% of Boltwood Capital Management’s investment portfolio, making the stock its 7th largest holding. Boltwood Capital Management owned 0.07% of iShares 3-7 Year Treasury Bond ETF at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in iShares 3-7 Year Treasury Bond ETF by 7.2% during the 4th quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock valued at $2,111,829,000 after purchasing an additional 1,180,896 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares 3-7 Year Treasury Bond ETF by 39.7% in the 1st quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock worth $1,096,181,000 after buying an additional 2,627,948 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 5.0% in the fourth quarter. Captrust Financial Advisors now owns 5,924,603 shares of the company’s stock valued at $707,101,000 after buying an additional 281,282 shares during the period. Assetmark Inc. lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 9.8% in the first quarter. Assetmark Inc. now owns 3,352,425 shares of the company’s stock valued at $397,598,000 after buying an additional 300,397 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 11.4% in the fourth quarter. LPL Financial LLC now owns 2,454,299 shares of the company’s stock valued at $292,921,000 after buying an additional 250,345 shares during the period.

iShares 3-7 Year Treasury Bond ETF Trading Down 0.2%

IEI stock traded down $0.23 during trading hours on Friday, hitting $113.17. 6,305,547 shares of the stock traded hands, compared to its average volume of 1,826,319. The stock has a 50-day simple moving average of $115.59 and a 200 day simple moving average of $116.92. iShares 3-7 Year Treasury Bond ETF has a one year low of $112.88 and a one year high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be issued a $0.3683 dividend. This represents a $4.42 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, October 1st. This is a negative change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713.

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.