Financial Management Network Inc. Has $6.30 Million Stake in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Financial Management Network Inc. lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 32.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,598 shares of the company’s stock after buying an additional 13,370 shares during the quarter. iShares 3-7 Year Treasury Bond ETF comprises approximately 1.3% of Financial Management Network Inc.’s investment portfolio, making the stock its 20th largest holding. Financial Management Network Inc.’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $6,301,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in iShares 3-7 Year Treasury Bond ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,622,978 shares of the company’s stock valued at $1,150,956,000 after purchasing an additional 226,138 shares during the period. Captrust Financial Advisors grew its position in iShares 3-7 Year Treasury Bond ETF by 17,868.4% in the 3rd quarter. Captrust Financial Advisors now owns 2,647,641 shares of the company’s stock valued at $316,671,000 after purchasing an additional 2,632,906 shares during the period. Cerity Partners LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 7.5% in the 3rd quarter. Cerity Partners LLC now owns 2,035,960 shares of the company’s stock valued at $243,511,000 after purchasing an additional 142,904 shares during the period. LPL Financial LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 23.0% in the 3rd quarter. LPL Financial LLC now owns 1,785,428 shares of the company’s stock valued at $213,546,000 after purchasing an additional 334,081 shares during the period. Finally, Tanglewood Wealth Management Inc. grew its position in iShares 3-7 Year Treasury Bond ETF by 32.8% in the 4th quarter. Tanglewood Wealth Management Inc. now owns 1,454,378 shares of the company’s stock valued at $168,053,000 after purchasing an additional 359,189 shares during the period.

iShares 3-7 Year Treasury Bond ETF Price Performance

NASDAQ IEI opened at $115.73 on Wednesday. The company has a fifty day simple moving average of $115.65 and a 200 day simple moving average of $117.18. 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 company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.3292 per share. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, February 3rd.

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).