Bank of New York Mellon Corp Reduces Position in iShares 3-7 Year Treasury Bond ETF $IEI

Bank of New York Mellon Corp trimmed its stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,477 shares of the company’s stock after selling 10,083 shares during the period. Bank of New York Mellon Corp owned 0.23% of iShares 3-7 Year Treasury Bond ETF worth $36,737,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wit LLC lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 273,238.0% during the 1st quarter. Wit LLC now owns 4,802,548 shares of the company’s stock valued at $567,373,000 after buying an additional 4,800,791 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares 3-7 Year Treasury Bond ETF by 15.8% during the 1st quarter. JPMorgan Chase & Co. now owns 12,118,309 shares of the company’s stock worth $1,431,677,000 after acquiring an additional 1,652,996 shares during the period. National Bank of Canada FI lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 56.2% during the first quarter. National Bank of Canada FI now owns 1,892,895 shares of the company’s stock valued at $223,586,000 after purchasing an additional 681,364 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 141.4% during the second quarter. Armstrong Advisory Group Inc. now owns 942,234 shares of the company’s stock valued at $112,211,000 after purchasing an additional 551,950 shares in the last quarter. Finally, School Employees Retirement Board of Ohio bought a new position in shares of iShares 3-7 Year Treasury Bond ETF in the second quarter worth approximately $50,074,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of IEI stock opened at $119.70 on Thursday. iShares 3-7 Year Treasury Bond ETF has a one year low of $114.51 and a one year high of $120.42. The company’s fifty day moving average price is $119.75 and its 200-day moving average price is $118.79.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a $0.3662 dividend. The ex-dividend date was Monday, November 3rd. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.35. This represents a c) annualized dividend and a dividend yield of 3.7%.

iShares 3-7 Year Treasury Bond ETF 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).