Fortune Financial Advisors LLC Has $2.93 Million Stock Position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Fortune Financial Advisors LLC raised its holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,391 shares of the company’s stock after acquiring an additional 653 shares during the period. iShares 3-7 Year Treasury Bond ETF comprises about 2.7% of Fortune Financial Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Fortune Financial Advisors LLC’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $2,934,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 400.0% during the third quarter. Bogart Wealth LLC now owns 225 shares of the company’s stock worth $27,000 after purchasing an additional 180 shares during the period. Fortitude Family Office LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth $27,000. Coston McIsaac & Partners boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 113.0% in the 3rd quarter. Coston McIsaac & Partners now owns 294 shares of the company’s stock valued at $35,000 after purchasing an additional 156 shares in the last quarter. Richardson Financial Services Inc. increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 494.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 303 shares of the company’s stock valued at $36,000 after purchasing an additional 252 shares during the last quarter. Finally, PSI Advisors LLC raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 76.7% during the 4th quarter. PSI Advisors LLC now owns 334 shares of the company’s stock worth $39,000 after buying an additional 145 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of IEI stock opened at $116.17 on Friday. The business has a fifty day simple moving average of $115.86 and a 200 day simple moving average of $117.24. iShares 3-7 Year Treasury Bond ETF has a twelve month low of $113.16 and a twelve month high of $120.33.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.3303 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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).