9,887 iShares 3-7 Year Treasury Bond ETF $IEI Shares Sold by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. cut its holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 15.1% during the third quarter, Holdings Channel.com reports. The fund owned 55,584 shares of the company’s stock after selling 9,887 shares during the period. iShares 3-7 Year Treasury Bond ETF comprises about 2.8% of Whalen Wealth Management Inc.’s holdings, making the stock its 5th largest holding. Whalen Wealth Management Inc.’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $6,305,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IEI. Martin Capital Partners LLC increased its stake in iShares 3-7 Year Treasury Bond ETF by 4.6% in the third quarter. Martin Capital Partners LLC now owns 9,762 shares of the company’s stock valued at $1,107,000 after purchasing an additional 431 shares in the last quarter. Canandaigua National Trust Co of Florida acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at $593,000. MFA Wealth Advisors LLC increased its position in shares of iShares 3-7 Year Treasury Bond ETF by 0.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 20,852 shares of the company’s stock valued at $2,365,000 after buying an additional 151 shares in the last quarter. Emprise Bank raised its stake in iShares 3-7 Year Treasury Bond ETF by 50.0% during the 3rd quarter. Emprise Bank now owns 12,732 shares of the company’s stock worth $1,444,000 after buying an additional 4,242 shares during the period. Finally, Bangor Savings Bank acquired a new stake in iShares 3-7 Year Treasury Bond ETF during the 3rd quarter worth $593,000.

iShares 3-7 Year Treasury Bond ETF Price Performance

IEI stock traded up $0.10 during trading hours on Thursday, reaching $113.48. 1,556,594 shares of the stock were exchanged, compared to its average volume of 1,853,569. The firm’s 50-day moving average is $115.33 and its 200-day moving average is $116.76. iShares 3-7 Year Treasury Bond ETF has a 12 month low of $112.88 and a 12 month high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.3683 per share. The ex-dividend date was Thursday, October 1st. This represents a $4.42 dividend on an annualized basis and a dividend yield of 3.9%. This is a drop from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713.

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.