iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sets New 1-Year Low – Here’s What Happened

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $116.43 and last traded at $116.51, with a volume of 391198 shares. The stock had previously closed at $116.77.

iShares 3-7 Year Treasury Bond ETF Price Performance

The business’s fifty day moving average price is $117.28 and its two-hundred day moving average price is $118.47.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.3625 per share. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IEI. Asempa Wealth Advisors purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth about $926,000. Spartan Planning & Wealth Management boosted its stake in iShares 3-7 Year Treasury Bond ETF by 192.4% in the 4th quarter. Spartan Planning & Wealth Management now owns 136,057 shares of the company’s stock worth $16,238,000 after purchasing an additional 89,526 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the 4th quarter worth approximately $1,435,000. D.A. Davidson & CO. grew its position in iShares 3-7 Year Treasury Bond ETF by 85.4% during the 4th quarter. D.A. Davidson & CO. now owns 75,696 shares of the company’s stock worth $9,034,000 after purchasing an additional 34,864 shares during the last quarter. Finally, 4J Wealth Management LLC raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 28.7% in the fourth quarter. 4J Wealth Management LLC now owns 54,012 shares of the company’s stock worth $6,446,000 after buying an additional 12,060 shares during the last quarter.

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). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.