Bright Futures Wealth Management LLC. Makes New Investment in iShares 3-7 Year Treasury Bond ETF $IEI

Bright Futures Wealth Management LLC. acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 23,437 shares of the company’s stock, valued at approximately $2,801,000. iShares 3-7 Year Treasury Bond ETF makes up about 2.2% of Bright Futures Wealth Management LLC.’s holdings, making the stock its 10th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of IEI. Migdal Insurance & Financial Holdings Ltd. purchased a new position in iShares 3-7 Year Treasury Bond ETF during the second quarter valued at $25,000. AlphaCore Capital LLC lifted its stake 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 worth $33,000 after purchasing an additional 251 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF in the 2nd quarter worth $34,000. Sound Income Strategies LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 3rd quarter valued at about $36,000. Finally, Hanson & Doremus Investment Management grew its position in shares of iShares 3-7 Year Treasury Bond ETF by 121.2% during the third quarter. Hanson & Doremus Investment Management now owns 365 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares in the last quarter.

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

Shares of IEI stock opened at $120.72 on Monday. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $116.62 and a 12-month high of $120.78. The stock’s 50-day moving average price is $119.49 and its 200-day moving average price is $119.58.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.367 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.