Kaufman Rossin Wealth LLC Makes New Investment in iShares 3-7 Year Treasury Bond ETF $IEI

Kaufman Rossin Wealth LLC bought a new position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,601 shares of the company’s stock, valued at approximately $976,000. iShares 3-7 Year Treasury Bond ETF makes up 0.4% of Kaufman Rossin Wealth LLC’s portfolio, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Center For Asset Management LLC lifted its stake in iShares 3-7 Year Treasury Bond ETF by 22.4% during the third quarter. Center For Asset Management LLC now owns 50,386 shares of the company’s stock worth $5,716,000 after purchasing an additional 9,211 shares during the last quarter. Avail Investment Partners LLC increased its position in shares of iShares 3-7 Year Treasury Bond ETF by 109.5% during the 3rd quarter. Avail Investment Partners LLC now owns 4,933 shares of the company’s stock valued at $560,000 after purchasing an additional 2,578 shares during the last quarter. RKL Wealth Management LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 3rd quarter valued at about $1,681,000. Eagle Strategies LLC increased its position in shares of iShares 3-7 Year Treasury Bond ETF by 3.4% during the 3rd quarter. Eagle Strategies LLC now owns 20,905 shares of the company’s stock valued at $2,371,000 after purchasing an additional 686 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 3rd quarter valued at about $12,413,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEI traded down $0.32 during trading hours on Monday, reaching $113.92. 679,475 shares of the stock traded hands, compared to its average volume of 1,858,170. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $112.88 and a 52-week high of $120.78. The company’s 50-day simple moving average is $114.95 and its two-hundred day simple moving average is $116.55.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.3683 dividend. This is a decrease from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713. This represents a $4.42 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, October 1st.

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.