iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Shares Cross Above 50-Day Moving Average – Should You Sell?

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $114.59 and traded as high as $114.97. iShares 3-7 Year Treasury Bond ETF shares last traded at $114.86, with a volume of 1,776,955 shares changing hands.

iShares 3-7 Year Treasury Bond ETF Stock Up 0.4%

The business’s 50 day moving average price is $114.57 and its 200-day moving average price is $117.15.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.3683 dividend. This represents a $4.42 annualized dividend and a yield of 3.8%. This is a drop from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Independence Financial Advisors LLC grew its holdings in iShares 3-7 Year Treasury Bond ETF by 5.2% during the third quarter. Independence Financial Advisors LLC now owns 184,973 shares of the company’s stock valued at $20,983,000 after purchasing an additional 9,123 shares during the period. Evergreen Capital Management LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF in the third quarter valued at approximately $104,931,000. Legacy Private Trust Co. acquired a new stake in iShares 3-7 Year Treasury Bond ETF in the third quarter worth $1,377,000. Bank of America Corp DE raised its holdings in iShares 3-7 Year Treasury Bond ETF by 39.7% in the first quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock worth $1,096,181,000 after purchasing an additional 2,627,948 shares during the period. Finally, Waverly Advisors LLC boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 2.9% during the second quarter. Waverly Advisors LLC now owns 468,365 shares of the company’s stock worth $55,009,000 after purchasing an additional 13,312 shares in the last quarter.

About iShares 3-7 Year Treasury Bond ETF

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.