Potomac Fund Management Inc. ADV Purchases Shares of 3,485 iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Potomac Fund Management Inc. ADV acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,485 shares of the company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth approximately $165,416,000. JPMorgan Chase & Co. increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 8.8% during the fourth quarter. JPMorgan Chase & Co. now owns 10,465,313 shares of the company’s stock valued at $1,209,267,000 after acquiring an additional 842,335 shares in the last quarter. National Bank of Canada FI raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 158.6% during the fourth quarter. National Bank of Canada FI now owns 1,211,531 shares of the company’s stock worth $140,113,000 after purchasing an additional 743,111 shares during the period. Tanglewood Wealth Management Inc. raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 32.8% during the fourth quarter. Tanglewood Wealth Management Inc. now owns 1,454,378 shares of the company’s stock worth $168,053,000 after purchasing an additional 359,189 shares during the period. Finally, Silicon Valley Capital Partners lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 259,380.9% in the 4th quarter. Silicon Valley Capital Partners now owns 285,429 shares of the company’s stock worth $32,981,000 after purchasing an additional 285,319 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Trading Down 0.1 %

Shares of NASDAQ IEI opened at $118.01 on Wednesday. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $113.16 and a 1 year high of $120.33. The company has a 50-day moving average price of $116.71 and a 200-day moving average price of $116.83.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be given a dividend of $0.3417 per share. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date is Tuesday, April 1st. This represents a $4.10 annualized dividend and a dividend yield of 3.47%.

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).