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

RKL Wealth Management LLC bought a new position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the 3rd quarter, Holdings Channel.com reports. The firm bought 14,822 shares of the company’s stock, valued at approximately $1,681,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IEI. Cardinal Strategic Wealth Guidance bought a new position in iShares 3-7 Year Treasury Bond ETF in the first quarter valued at $25,000. Howe & Rusling Inc. raised its position in iShares 3-7 Year Treasury Bond ETF by 111.0% during the first quarter. Howe & Rusling Inc. now owns 211 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Nvwm LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF during the third quarter valued at about $38,000. Pension & Wealth Management Advisors Inc. bought a new stake in iShares 3-7 Year Treasury Bond ETF during the third quarter worth about $49,000. Finally, BankChampaign National Association bought a new stake in iShares 3-7 Year Treasury Bond ETF during the first quarter worth about $54,000.

iShares 3-7 Year Treasury Bond ETF Trading Up 0.1%

IEI stock traded up $0.15 during mid-day trading on Friday, hitting $114.24. 2,101,380 shares of the stock were exchanged, compared to its average volume of 1,864,326. The business has a fifty day moving average price of $114.95 and a 200 day moving average price of $116.56. iShares 3-7 Year Treasury Bond ETF has a 12 month low of $112.88 and a 12 month high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.3683 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.42 dividend on an annualized basis 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.

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.