Twele Capital Management Inc. Buys New Position in iShares 3-7 Year Treasury Bond ETF $IEI

Twele Capital Management Inc. purchased a new stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the third quarter, Holdings Channel.com reports. The fund purchased 15,476 shares of the company’s stock, valued at approximately $1,756,000. iShares 3-7 Year Treasury Bond ETF makes up about 0.3% of Twele Capital Management Inc.’s holdings, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its stake in iShares 3-7 Year Treasury Bond ETF by 39.7% during the 1st quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock valued at $1,096,181,000 after acquiring an additional 2,627,948 shares in the last quarter. Captrust Financial Advisors boosted its holdings in iShares 3-7 Year Treasury Bond ETF by 5.0% during the 4th quarter. Captrust Financial Advisors now owns 5,924,603 shares of the company’s stock worth $707,101,000 after acquiring an additional 281,282 shares during the last quarter. Assetmark Inc. grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 9.8% in the 1st quarter. Assetmark Inc. now owns 3,352,425 shares of the company’s stock worth $397,598,000 after acquiring an additional 300,397 shares in the last quarter. Wit LLC grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 2.9% in the 4th quarter. Wit LLC now owns 2,089,070 shares of the company’s stock worth $249,331,000 after acquiring an additional 59,373 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 1,113,025 shares of the company’s stock worth $132,004,000 after acquiring an additional 5,121 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of IEI stock traded up $0.09 on Tuesday, hitting $113.57. The stock had a trading volume of 2,469,851 shares, compared to its average volume of 1,861,514. The business has a 50 day moving average of $115.16 and a 200 day moving average of $116.67. 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 declared 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. This represents a $4.42 annualized dividend and a yield of 3.9%. This is a drop from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713. The ex-dividend date was Thursday, October 1st.

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). 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.