Royal Fund Management LLC Has $1.75 Million Stock Position in iShares 3-7 Year Treasury Bond ETF $IEI

Royal Fund Management LLC grew its stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 147.4% during the 4th quarter, HoldingsChannel reports. The firm owned 14,644 shares of the company’s stock after acquiring an additional 8,724 shares during the quarter. Royal Fund Management LLC’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $1,747,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IEI. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 2nd quarter worth approximately $25,000. Asset Dedication LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF in the third quarter valued at $28,000. Ancora Advisors LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 48.6% in the third quarter. Ancora Advisors LLC now owns 260 shares of the company’s stock valued at $31,000 after acquiring an additional 85 shares during the period. AlphaCore Capital LLC raised its stake in iShares 3-7 Year Treasury Bond ETF by 1,195.2% during the third quarter. AlphaCore Capital LLC now owns 272 shares of the company’s stock worth $33,000 after acquiring an additional 251 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the second quarter valued at $34,000.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEI opened at $118.43 on Tuesday. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $116.62 and a 52-week high of $120.78. The business has a fifty day moving average of $119.28 and a two-hundred day moving average of $119.51.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.3312 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, March 2nd.

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). 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.