RKL Wealth Management LLC Makes New $1.68 Million Investment in iShares 3-7 Year Treasury Bond ETF $IEI

RKL Wealth Management LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,822 shares of the company’s stock, valued at approximately $1,681,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEI. JGP Wealth Management LLC boosted its stake in iShares 3-7 Year Treasury Bond ETF by 2.3% during the second quarter. JGP Wealth Management LLC now owns 3,877 shares of the company’s stock valued at $455,000 after buying an additional 89 shares during the period. Hardin Capital Partners LLC increased its stake in iShares 3-7 Year Treasury Bond ETF by 5.2% in the 3rd quarter. Hardin Capital Partners LLC now owns 1,802 shares of the company’s stock worth $204,000 after acquiring an additional 89 shares during the last quarter. Fairvoy Private Wealth LLC increased its stake in iShares 3-7 Year Treasury Bond ETF by 1.9% in the 1st quarter. Fairvoy Private Wealth LLC now owns 5,736 shares of the company’s stock worth $680,000 after acquiring an additional 108 shares during the last quarter. Howe & Rusling Inc. increased its stake in iShares 3-7 Year Treasury Bond ETF by 111.0% in the 1st quarter. Howe & Rusling Inc. now owns 211 shares of the company’s stock worth $25,000 after acquiring an additional 111 shares during the last quarter. Finally, Montecito Bank & Trust raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 1.3% in the 1st quarter. Montecito Bank & Trust now owns 8,866 shares of the company’s stock valued at $1,052,000 after acquiring an additional 113 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEI traded up $0.15 on Friday, hitting $114.24. The company’s stock had a trading volume of 2,101,380 shares, compared to its average volume of 1,864,326. The company has a 50-day simple moving average of $114.95 and a 200 day simple moving average of $116.56. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $112.88 and a 1 year high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

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

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.