Burke & Herbert Bank & Trust Co. Invests $2.41 Million in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Burke & Herbert Bank & Trust Co. purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,834 shares of the company’s stock, valued at approximately $2,406,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IEI. Choreo LLC raised its stake in iShares 3-7 Year Treasury Bond ETF by 2.8% in the fourth quarter. Choreo LLC now owns 7,489 shares of the company’s stock valued at $877,000 after buying an additional 204 shares during the last quarter. JMG Financial Group Ltd. boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 22.1% in the fourth quarter. JMG Financial Group Ltd. now owns 4,726 shares of the company’s stock worth $554,000 after acquiring an additional 855 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 2.8% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,764 shares of the company’s stock worth $552,000 after acquiring an additional 131 shares during the last quarter. Quaker Wealth Management LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth approximately $11,161,000. Finally, Significant Wealth Partners LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth approximately $252,000.

iShares 3-7 Year Treasury Bond ETF Price Performance

NASDAQ:IEI traded up $0.34 on Tuesday, reaching $118.78. The company’s stock had a trading volume of 3,100,877 shares, compared to its average volume of 1,598,948. iShares 3-7 Year Treasury Bond ETF has a 12-month low of $111.45 and a 12-month high of $119.73. The stock has a 50 day moving average price of $116.38 and a 200 day moving average price of $115.51.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were given a dividend of $0.3154 per share. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.30. This represents a $3.79 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Thursday, August 1st.

iShares 3-7 Year Treasury Bond ETF Company 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).