Paragon Capital Management Ltd Reduces Stock Position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Paragon Capital Management Ltd lessened its stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 18.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,545 shares of the company’s stock after selling 8,981 shares during the quarter. iShares 3-7 Year Treasury Bond ETF makes up approximately 0.9% of Paragon Capital Management Ltd’s holdings, making the stock its 19th largest holding. Paragon Capital Management Ltd’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $4,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IEI. Bogart Wealth LLC boosted its stake in iShares 3-7 Year Treasury Bond ETF by 400.0% in the 3rd quarter. Bogart Wealth LLC now owns 225 shares of the company’s stock worth $27,000 after buying an additional 180 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter valued at about $27,000. Coston McIsaac & Partners lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 113.0% in the 3rd quarter. Coston McIsaac & Partners now owns 294 shares of the company’s stock valued at $35,000 after purchasing an additional 156 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 494.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 303 shares of the company’s stock valued at $36,000 after purchasing an additional 252 shares in the last quarter. Finally, PSI Advisors LLC lifted its stake 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 valued at $39,000 after purchasing an additional 145 shares in the last quarter.

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

NASDAQ IEI opened at $115.37 on Thursday. iShares 3-7 Year Treasury Bond ETF has a 1-year low of $113.16 and a 1-year high of $120.33. The business’s 50-day simple moving average is $115.91 and its 200-day simple moving average is $117.25.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.3303 dividend. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a $3.96 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Wednesday, December 18th.

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).