Evergreen Capital Management LLC Makes New Investment in iShares 3-7 Year Treasury Bond ETF $IEI

Evergreen Capital Management LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the third quarter, Holdings Channel.com reports. The firm bought 924,993 shares of the company’s stock, valued at approximately $104,931,000. iShares 3-7 Year Treasury Bond ETF makes up about 1.8% of Evergreen Capital Management LLC’s holdings, making the stock its 7th biggest position.

A number of other hedge funds have also modified their holdings of IEI. Mascoma Wealth Management LLC grew its stake in iShares 3-7 Year Treasury Bond ETF by 337.8% during the 3rd quarter. Mascoma Wealth Management LLC now owns 6,191 shares of the company’s stock valued at $702,000 after acquiring an additional 4,777 shares in the last quarter. ETF Portfolio Partners Inc. acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at about $15,961,000. New Harbor Financial Group LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter worth approximately $35,072,000. MBL Wealth LLC lifted its stake in iShares 3-7 Year Treasury Bond ETF by 6.8% in the 3rd quarter. MBL Wealth LLC now owns 269,232 shares of the company’s stock worth $30,542,000 after purchasing an additional 17,200 shares in the last quarter. Finally, Studio Investment Management LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter worth approximately $748,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of iShares 3-7 Year Treasury Bond ETF stock opened at $114.67 on Friday. The stock’s 50 day simple moving average is $114.73 and its 200-day simple moving average is $116.42. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $112.88 and a 1-year high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

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