Charles Schwab Investment Management Inc. Cuts Stock Holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Charles Schwab Investment Management Inc. lessened its holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 71.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,069,518 shares of the company’s stock after selling 2,704,110 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.86% of iShares 3-7 Year Treasury Bond ETF worth $127,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patriot Investment Management Group Inc. lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 4.8% in the third quarter. Patriot Investment Management Group Inc. now owns 1,869 shares of the company’s stock valued at $224,000 after purchasing an additional 85 shares during the period. Oppenheimer & Co. Inc. increased its holdings in iShares 3-7 Year Treasury Bond ETF by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 13,078 shares of the company’s stock valued at $1,564,000 after buying an additional 88 shares in the last quarter. TAP Consulting LLC lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 0.8% during the 3rd quarter. TAP Consulting LLC now owns 11,362 shares of the company’s stock valued at $1,359,000 after acquiring an additional 91 shares during the period. Bank Hapoalim BM boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 0.5% during the 2nd quarter. Bank Hapoalim BM now owns 20,015 shares of the company’s stock worth $2,311,000 after acquiring an additional 96 shares in the last quarter. Finally, Robinson Value Management Ltd. grew its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 0.5% in the 3rd quarter. Robinson Value Management Ltd. now owns 22,318 shares of the company’s stock worth $2,669,000 after acquiring an additional 100 shares during the period.

iShares 3-7 Year Treasury Bond ETF Stock Up 0.6 %

Shares of IEI stock opened at $116.64 on Tuesday. iShares 3-7 Year Treasury Bond ETF has a 1 year low of $113.16 and a 1 year high of $120.33. The stock has a fifty day moving average price of $117.68 and a 200 day moving average price of $117.04.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.3203 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a $3.84 annualized dividend and a dividend yield of 3.29%.

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).