Hershey Financial Advisers LLC Makes New $3.73 Million Investment in iShares 3-7 Year Treasury Bond ETF $IEI

Hershey Financial Advisers LLC purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the second quarter, Holdings Channel.com reports. The fund purchased 31,285 shares of the company’s stock, valued at approximately $3,726,000. iShares 3-7 Year Treasury Bond ETF comprises about 3.3% of Hershey Financial Advisers LLC’s portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beacon Capital Management LLC boosted its stake in iShares 3-7 Year Treasury Bond ETF by 102.9% in the 2nd quarter. Beacon Capital Management LLC now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares in the last quarter. Avion Wealth raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 111.8% in the second quarter. Avion Wealth now owns 216 shares of the company’s stock worth $25,000 after buying an additional 114 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the second quarter worth $25,000. LRI Investments LLC grew its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 231.1% during the second quarter. LRI Investments LLC now owns 245 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the second quarter valued at $36,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of IEI stock opened at $119.36 on Friday. The business has a fifty day moving average of $119.76 and a 200 day moving average of $119.08. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $114.51 and a 1 year high of $120.43.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a $0.3502 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, December 1st.

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).