Pinnacle Financial Partners Inc Reduces Position in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

Pinnacle Financial Partners Inc decreased its holdings in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 27.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 50,163 shares of the company’s stock after selling 18,818 shares during the period. Pinnacle Financial Partners Inc’s holdings in iShares 3-7 Year Treasury Bond ETF were worth $6,000,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of IEI. Sequoia Financial Advisors LLC lifted its position in iShares 3-7 Year Treasury Bond ETF by 46.0% during the third quarter. Sequoia Financial Advisors LLC now owns 3,068 shares of the company’s stock valued at $367,000 after purchasing an additional 967 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 2nd quarter worth $9,445,000. Crescent Grove Advisors LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the second quarter worth $212,000. Raymond James Financial Services Advisors Inc. increased its position in iShares 3-7 Year Treasury Bond ETF by 3.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 189,793 shares of the company’s stock valued at $21,915,000 after acquiring an additional 5,536 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in iShares 3-7 Year Treasury Bond ETF by 5.2% during the second quarter. Private Advisor Group LLC now owns 76,454 shares of the company’s stock valued at $8,828,000 after acquiring an additional 3,805 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEI opened at $115.88 on Thursday. The stock’s 50-day simple moving average is $118.22 and its two-hundred day simple moving average is $116.93. iShares 3-7 Year Treasury Bond ETF has a 52-week low of $113.16 and a 52-week high of $120.33.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.3203 dividend. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date was Friday, November 1st. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.32%.

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).