JDM Financial Group LLC has made a significant investment in the iShares 3-7 Year Treasury Bond ETF (NASDAQ: IEI), acquiring 12,039 shares valued at approximately $1,439,000. This move occurred during the third quarter, as detailed in the company’s recent Form 13F filing with the Securities and Exchange Commission.
The iShares 3-7 Year Treasury Bond ETF now constitutes about 0.6% of JDM Financial Group’s overall investment portfolio, making it the firm’s 25th largest holding. This acquisition reflects a broader trend among hedge funds, as several other investment firms have recently adjusted their positions in the ETF.
Notable Stake Increases from Other Firms
During the second quarter, Beacon Capital Management LLC increased its stake in the iShares 3-7 Year Treasury Bond ETF by an impressive 102.9%. Following this acquisition, Beacon now holds 211 shares valued at $25,000, having purchased an additional 107 shares in the period.
Similarly, Avion Wealth boosted its holdings by 111.8%, bringing its total to 216 shares, also valued at $25,000. Other notable investors include Migdal Insurance & Financial Holdings Ltd., which acquired a new position worth about $25,000, and LRI Investments LLC, which raised its holdings by 231.1%, now owning 245 shares valued at $29,000.
Finally, Delos Wealth Advisors LLC has also entered the market with a new position valued at approximately $34,000 during the same period.
Market Performance and Dividend Increase
As of Thursday, shares of the iShares 3-7 Year Treasury Bond ETF opened at $119.35. Over the past year, the stock has seen a low of $114.51 and a high of $120.43. The ETF’s 50-day moving average stands at $119.65, while the 200-day moving average is $119.24.
In addition to these investments, the iShares 3-7 Year Treasury Bond ETF has announced a dividend increase, enhancing its appeal to investors seeking stable income. The ETF, formerly known as the iShares Barclays 3-7 Year Treasury Bond Fund, aims to reflect the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. This index tracks the performance of U.S. Treasury bonds with maturities ranging from three to seven years, making it a key instrument for investors looking to navigate the fixed-income market effectively.
With a growing interest from various investment firms, the iShares 3-7 Year Treasury Bond ETF continues to play a critical role in the portfolios of institutional investors.
