Whalen Wealth Management Inc. Sells 9,887 Shares of iShares 3-7 Year Treasury Bond ETF $IEI

Whalen Wealth Management Inc. lessened its holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,584 shares of the company’s stock after selling 9,887 shares during the period. iShares 3-7 Year Treasury Bond ETF comprises approximately 2.8% of Whalen Wealth Management Inc.’s portfolio, making the stock its 5th biggest position. Whalen Wealth Management Inc.’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $6,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Martin Capital Partners LLC grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 4.6% in the 3rd quarter. Martin Capital Partners LLC now owns 9,762 shares of the company’s stock valued at $1,107,000 after buying an additional 431 shares in the last quarter. Canandaigua National Trust Co of Florida bought a new position in iShares 3-7 Year Treasury Bond ETF during the third quarter valued at approximately $593,000. MFA Wealth Advisors LLC lifted its stake in iShares 3-7 Year Treasury Bond ETF by 0.7% in the third quarter. MFA Wealth Advisors LLC now owns 20,852 shares of the company’s stock valued at $2,365,000 after acquiring an additional 151 shares during the last quarter. Emprise Bank lifted its stake in iShares 3-7 Year Treasury Bond ETF by 50.0% in the third quarter. Emprise Bank now owns 12,732 shares of the company’s stock valued at $1,444,000 after acquiring an additional 4,242 shares during the last quarter. Finally, Bangor Savings Bank bought a new stake in iShares 3-7 Year Treasury Bond ETF in the third quarter worth approximately $593,000.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of IEI traded up $0.10 during trading hours on Thursday, hitting $113.48. 1,556,594 shares of the company were exchanged, compared to its average volume of 1,853,569. The firm’s 50 day moving average is $115.33 and its 200-day moving average is $116.76. iShares 3-7 Year Treasury Bond ETF has a 52 week low of $112.88 and a 52 week high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.3683 per share. This is a drop from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713. This represents a $4.42 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, October 1st.

iShares 3-7 Year Treasury Bond ETF Company 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.