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

Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) reached a new 52-week low during trading on Wednesday . The company traded as low as $114.16 and last traded at $114.0450, with a volume of 329359 shares trading hands. The stock had previously closed at $114.47.

iShares 3-7 Year Treasury Bond ETF Trading Down 0.4%

The company’s 50-day moving average is $116.03 and its 200-day moving average is $117.20.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a $0.3713 dividend. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.36. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mmbg Investment Advisors CO. grew its stake in iShares 3-7 Year Treasury Bond ETF by 149.1% during the fourth quarter. Mmbg Investment Advisors CO. now owns 18,860 shares of the company’s stock worth $2,251,000 after purchasing an additional 11,290 shares during the period. Bank of America Corp DE lifted its stake 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 valued at $1,096,181,000 after buying an additional 2,627,948 shares during the period. Wit LLC lifted its stake in iShares 3-7 Year Treasury Bond ETF by 2.9% in the fourth quarter. Wit LLC now owns 2,089,070 shares of the company’s stock valued at $249,331,000 after buying an additional 59,373 shares during the period. Nolet Wealth Management LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth approximately $1,416,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 38,721.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 29,116 shares of the company’s stock worth $3,475,000 after buying an additional 29,041 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.