Synovus Financial Corp Raises Holdings in iShares 3-7 Year Treasury Bond ETF $IEI

Synovus Financial Corp lifted its stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 32.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,082 shares of the company’s stock after purchasing an additional 6,940 shares during the quarter. Synovus Financial Corp’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $3,356,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF in the second quarter worth about $25,000. Avion Wealth lifted its stake in iShares 3-7 Year Treasury Bond ETF by 111.8% during the 2nd quarter. Avion Wealth now owns 216 shares of the company’s stock valued at $25,000 after acquiring an additional 114 shares during the period. Delos Wealth Advisors LLC purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the 2nd quarter valued at $34,000. Sound Income Strategies LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the third quarter worth $36,000. Finally, Hanson & Doremus Investment Management increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 121.2% in the third quarter. Hanson & Doremus Investment Management now owns 365 shares of the company’s stock worth $44,000 after acquiring an additional 200 shares during the period.

iShares 3-7 Year Treasury Bond ETF Stock Performance

NASDAQ IEI opened at $120.02 on Friday. The company has a fifty day moving average of $119.41 and a 200 day moving average of $119.52. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $116.10 and a 1 year high of $120.43.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.367 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd.

iShares 3-7 Year Treasury Bond ETF 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.