Franklin Resources Inc. Raises Stock Position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Franklin Resources Inc. lifted its position in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 16.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 278,640 shares of the company’s stock after buying an additional 39,825 shares during the period. Franklin Resources Inc.’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $32,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth $27,000. Smartleaf Asset Management LLC raised its stake in shares of iShares 3-7 Year Treasury Bond ETF by 72.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 250 shares of the company’s stock worth $29,000 after buying an additional 105 shares during the last quarter. PSI Advisors LLC boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 76.7% in the 4th quarter. PSI Advisors LLC now owns 334 shares of the company’s stock worth $39,000 after buying an additional 145 shares in the last quarter. WealthShield Partners LLC grew its stake in iShares 3-7 Year Treasury Bond ETF by 33.7% in the 4th quarter. WealthShield Partners LLC now owns 397 shares of the company’s stock valued at $46,000 after acquiring an additional 100 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in iShares 3-7 Year Treasury Bond ETF by 2,693.3% during the 4th quarter. Sound Income Strategies LLC now owns 419 shares of the company’s stock valued at $48,000 after acquiring an additional 404 shares in the last quarter.

iShares 3-7 Year Treasury Bond ETF Stock Up 0.2 %

Shares of NASDAQ IEI opened at $119.10 on Friday. The firm’s 50-day moving average is $116.94 and its two-hundred day moving average is $116.83. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $113.16 and a 12-month high of $120.33.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.3417 per share. This represents a $4.10 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Tuesday, April 1st. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.33.

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).