iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Hits New 12-Month Low – Time to Sell?

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) hit a new 52-week low on Wednesday . The stock traded as low as $116.42 and last traded at $116.42, with a volume of 93380 shares. The stock had previously closed at $116.55.

iShares 3-7 Year Treasury Bond ETF Trading Down 0.1%

The stock has a 50 day moving average of $117.12 and a 200-day moving average of $118.34.

iShares 3-7 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.3625 dividend. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 39.7% during the 1st quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock valued at $1,096,181,000 after buying an additional 2,627,948 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares 3-7 Year Treasury Bond ETF by 7.2% during the fourth quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock worth $2,111,829,000 after acquiring an additional 1,180,896 shares during the period. Dynasty Wealth Management LLC raised its stake in shares of iShares 3-7 Year Treasury Bond ETF by 97.3% during the fourth quarter. Dynasty Wealth Management LLC now owns 1,170,497 shares of the company’s stock valued at $139,699,000 after acquiring an additional 577,371 shares in the last quarter. OpenArc Corporate Advisory LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the fourth quarter valued at approximately $67,139,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 216.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 739,010 shares of the company’s stock valued at $88,319,000 after purchasing an additional 505,360 shares during the period.

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.