Investors Buy ISHARES Tr/3-7 YR TREAS BD ETF (IEI) on Weakness

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Traders bought shares of ISHARES Tr/3-7 YR TREAS BD ETF (BMV:IEI) on weakness during trading on Wednesday. $231.60 million flowed into the stock on the tick-up and $64.85 million flowed out of the stock on the tick-down, for a money net flow of $166.75 million into the stock. Of all stocks tracked, ISHARES Tr/3-7 YR TREAS BD ETF had the 7th highest net in-flow for the day. ISHARES Tr/3-7 YR TREAS BD ETF traded down ($0.16) for the day and closed at $118.94

The company also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were issued a dividend of $0.2091 per share. This is an increase from ISHARES Tr/3-7 YR TREAS BD ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, October 1st. This represents a $2.51 annualized dividend and a dividend yield of 2.11%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEI. Eqis Capital Management Inc. boosted its holdings in shares of ISHARES Tr/3-7 YR TREAS BD ETF by 627.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 1,849,473 shares of the company’s stock valued at $221,937,000 after acquiring an additional 1,595,277 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of ISHARES Tr/3-7 YR TREAS BD ETF by 5.3% during the 2nd quarter. Bank of America Corp DE now owns 19,212,711 shares of the company’s stock valued at $2,305,524,000 after acquiring an additional 966,190 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of ISHARES Tr/3-7 YR TREAS BD ETF during the 2nd quarter valued at $87,816,000. Personal Capital Advisors Corp boosted its holdings in shares of ISHARES Tr/3-7 YR TREAS BD ETF by 43.3% during the 3rd quarter. Personal Capital Advisors Corp now owns 1,871,880 shares of the company’s stock valued at $222,885,000 after acquiring an additional 565,358 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of ISHARES Tr/3-7 YR TREAS BD ETF by 46.3% during the 2nd quarter. Assetmark Inc. now owns 898,756 shares of the company’s stock valued at $107,851,000 after acquiring an additional 284,335 shares in the last quarter.

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