Independence Financial Advisors LLC Buys Shares of 93,907 iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Independence Financial Advisors LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 93,907 shares of the company’s stock, valued at approximately $11,094,000. iShares 3-7 Year Treasury Bond ETF accounts for about 4.2% of Independence Financial Advisors LLC’s portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF during the first quarter worth approximately $36,000. Crews Bank & Trust boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 487.0% during the first quarter. Crews Bank & Trust now owns 317 shares of the company’s stock worth $37,000 after buying an additional 263 shares during the period. NBC Securities Inc. acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF during the first quarter worth approximately $38,000. Webster Bank N. A. boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 458.3% during the first quarter. Webster Bank N. A. now owns 335 shares of the company’s stock worth $40,000 after buying an additional 275 shares during the period. Finally, Nemes Rush Group LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth approximately $43,000.

iShares 3-7 Year Treasury Bond ETF Trading Up 0.3%

Shares of NASDAQ IEI opened at $118.54 on Wednesday. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $114.51 and a 12-month high of $120.33. The stock has a 50 day simple moving average of $118.00 and a 200-day simple moving average of $117.44.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were issued a dividend of $0.3422 per share. The ex-dividend date of this dividend was Tuesday, July 1st.

About iShares 3-7 Year Treasury Bond ETF

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).