Benchmark Financial LLC Invests $6.49 Million in iShares 3-7 Year Treasury Bond ETF $IEI

Benchmark Financial LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 54,390 shares of the company’s stock, valued at approximately $6,491,000. iShares 3-7 Year Treasury Bond ETF comprises about 6.5% of Benchmark Financial LLC’s holdings, making the stock its 4th biggest position.

Other large investors also recently modified their holdings of the company. Country Trust Bank bought a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth about $25,000. Key Capital Management INC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth about $28,000. Asset Dedication LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF in the 3rd quarter valued at about $28,000. Ancora Advisors LLC lifted its position in iShares 3-7 Year Treasury Bond ETF by 48.6% in the 3rd quarter. Ancora Advisors LLC now owns 260 shares of the company’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its position in iShares 3-7 Year Treasury Bond ETF by 1,195.2% in the 3rd quarter. AlphaCore Capital LLC now owns 272 shares of the company’s stock valued at $33,000 after purchasing an additional 251 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEI opened at $119.02 on Monday. The company’s 50-day moving average price is $119.11 and its 200 day moving average price is $119.39. iShares 3-7 Year Treasury Bond ETF has a fifty-two week low of $116.89 and a fifty-two week high of $120.78.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were given a $0.3615 dividend. The ex-dividend date was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.6%. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.33.

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). 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.