Montecito Bank & Trust Invests $1.41 Million in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Montecito Bank & Trust purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 11,809 shares of the company’s stock, valued at approximately $1,412,000.

A number of other hedge funds have also bought and sold shares of IEI. Jane Street Group LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the first quarter valued at approximately $54,070,000. Clarity Financial LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 100.2% in the third quarter. Clarity Financial LLC now owns 539,867 shares of the company’s stock worth $64,571,000 after acquiring an additional 270,178 shares in the last quarter. Toronto Dominion Bank acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the 2nd quarter valued at about $23,094,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 68.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 422,238 shares of the company’s stock worth $48,756,000 after purchasing an additional 171,147 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in iShares 3-7 Year Treasury Bond ETF by 4.3% during the second quarter. Envestnet Asset Management Inc. now owns 3,828,308 shares of the company’s stock valued at $442,055,000 after purchasing an additional 157,810 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Performance

iShares 3-7 Year Treasury Bond ETF stock opened at $115.81 on Thursday. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $112.72 and a 1 year high of $120.33. The firm’s 50 day moving average price is $118.49 and its two-hundred day moving average price is $116.84.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.3203 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.32%. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 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).