Confluence Investment Management LLC Sells 136,487 Shares of iShares 3-7 Year Treasury Bond ETF $IEI

Confluence Investment Management LLC lessened its holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 54.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 112,903 shares of the company’s stock after selling 136,487 shares during the period. Confluence Investment Management LLC’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $13,493,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IEI. Meridian Wealth Management LLC lifted its position in iShares 3-7 Year Treasury Bond ETF by 0.6% during the second quarter. Meridian Wealth Management LLC now owns 14,748 shares of the company’s stock valued at $1,756,000 after purchasing an additional 90 shares during the last quarter. Channel Wealth LLC raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 2.4% during the 3rd quarter. Channel Wealth LLC now owns 4,178 shares of the company’s stock valued at $499,000 after buying an additional 96 shares in the last quarter. Bensler LLC lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 5.2% in the 2nd quarter. Bensler LLC now owns 1,971 shares of the company’s stock valued at $235,000 after acquiring an additional 97 shares during the last quarter. Wealthquest Corp lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 5.0% in the 2nd quarter. Wealthquest Corp now owns 2,068 shares of the company’s stock valued at $246,000 after acquiring an additional 99 shares during the last quarter. Finally, King Wealth Management Group increased its stake in iShares 3-7 Year Treasury Bond ETF by 5.0% during the second quarter. King Wealth Management Group now owns 2,182 shares of the company’s stock worth $260,000 after acquiring an additional 103 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEI opened at $119.24 on Tuesday. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $114.51 and a 1-year high of $120.43. The business’s 50 day moving average is $119.76 and its two-hundred day moving average is $119.16.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th will be given a dividend of $0.3711 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.7%. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.35.

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.