Franklin Resources Inc. Boosts Holdings in iShares 3-7 Year Treasury Bond ETF $IEI

Franklin Resources Inc. lifted its holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 5.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 318,770 shares of the company’s stock after purchasing an additional 17,174 shares during the period. Franklin Resources Inc. owned approximately 0.24% of iShares 3-7 Year Treasury Bond ETF worth $37,962,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Beacon Capital Management LLC boosted its position in iShares 3-7 Year Treasury Bond ETF by 102.9% in the 2nd quarter. Beacon Capital Management LLC now owns 211 shares of the company’s stock valued at $25,000 after buying an additional 107 shares during the period. Avion Wealth raised its stake in shares of iShares 3-7 Year Treasury Bond ETF by 111.8% in the second quarter. Avion Wealth now owns 216 shares of the company’s stock valued at $25,000 after acquiring an additional 114 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the second quarter valued at $25,000. LRI Investments LLC boosted its holdings in iShares 3-7 Year Treasury Bond ETF by 231.1% in the second quarter. LRI Investments LLC now owns 245 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in iShares 3-7 Year Treasury Bond ETF during the 2nd quarter worth $36,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEI opened at $120.37 on Thursday. The stock’s 50-day moving average is $119.73 and its two-hundred day moving average is $118.89. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $114.51 and a 1-year high of $120.43.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were paid a dividend of $0.3662 per share. 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) dividend on an annualized basis 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).