iShares 3-7 Year Treasury Bond ETF $IEI Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lowered its position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 99.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,672 shares of the company’s stock after selling 2,252,097 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $1,324,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IEI. Bank of America Corp DE raised its stake in iShares 3-7 Year Treasury Bond ETF by 39.7% during the 1st quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock worth $1,096,181,000 after buying an additional 2,627,948 shares during the period. Assetmark Inc. grew its stake in iShares 3-7 Year Treasury Bond ETF by 9.8% in the first quarter. Assetmark Inc. now owns 3,352,425 shares of the company’s stock valued at $397,598,000 after acquiring an additional 300,397 shares during the period. Royal Bank of Canada increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 1,113,025 shares of the company’s stock worth $132,004,000 after acquiring an additional 5,121 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the third quarter worth about $104,931,000. Finally, Strategic Point Investment Advisors LLC increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 4.3% in the second quarter. Strategic Point Investment Advisors LLC now owns 667,170 shares of the company’s stock worth $78,359,000 after acquiring an additional 27,780 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Down 0.0%

NASDAQ IEI opened at $114.61 on Wednesday. The stock’s 50-day moving average is $114.67 and its 200-day moving average is $117.22. iShares 3-7 Year Treasury Bond ETF has a one year low of $112.88 and a one year high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The firm 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. The ex-dividend date was Thursday, October 1st. This represents a $4.42 annualized dividend 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.

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.