Tanglewood Wealth Management Inc. Buys 70,655 Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Tanglewood Wealth Management Inc. grew its stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,288,470 shares of the company’s stock after acquiring an additional 70,655 shares during the period. iShares 3-7 Year Treasury Bond ETF comprises approximately 18.5% of Tanglewood Wealth Management Inc.’s holdings, making the stock its 2nd biggest position. Tanglewood Wealth Management Inc. owned 1.06% of iShares 3-7 Year Treasury Bond ETF worth $148,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Valmark Advisers Inc. raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 2.5% during the 4th quarter. Valmark Advisers Inc. now owns 3,590 shares of the company’s stock valued at $420,000 after acquiring an additional 89 shares in the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 2.5% during the first quarter. Valley Wealth Managers Inc. now owns 3,669 shares of the company’s stock worth $425,000 after purchasing an additional 89 shares during the period. Bank Hapoalim BM lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 0.5% in the 2nd quarter. Bank Hapoalim BM now owns 20,015 shares of the company’s stock worth $2,311,000 after buying an additional 96 shares during the last quarter. Members Trust Co boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 2.8% in the 1st quarter. Members Trust Co now owns 3,644 shares of the company’s stock valued at $422,000 after buying an additional 99 shares during the period. Finally, Flagstar Advisors Inc. boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 5.2% in the 1st quarter. Flagstar Advisors Inc. now owns 2,027 shares of the company’s stock valued at $235,000 after buying an additional 101 shares during the period.

iShares 3-7 Year Treasury Bond ETF Price Performance

IEI traded down $0.12 on Monday, hitting $118.94. 727,807 shares of the company’s stock were exchanged, compared to its average volume of 1,569,431. The stock has a fifty day moving average of $116.99 and a two-hundred day moving average of $115.64. iShares 3-7 Year Treasury Bond ETF has a twelve month low of $111.45 and a twelve month high of $119.73.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a $0.3154 dividend. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date was Thursday, August 1st. This represents a $3.79 annualized dividend and a dividend yield of 3.18%.

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).