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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $114.49 and last traded at $114.4650, with a volume of 3998 shares changing hands. The stock had previously closed at $114.55.

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

The company’s fifty day simple moving average is $116.37 and its two-hundred day simple moving average is $117.48.

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iShares 3-7 Year Treasury Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HUB Investment Partners LLC raised its position in shares of iShares 3-7 Year Treasury Bond ETF by 25.7% during the second quarter. HUB Investment Partners LLC now owns 2,476 shares of the company’s stock worth $295,000 after purchasing an additional 506 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 2nd quarter valued at approximately $5,313,000. Camarda Financial Advisors LLC increased its stake in iShares 3-7 Year Treasury Bond ETF by 15.4% during the 2nd quarter. Camarda Financial Advisors LLC now owns 7,843 shares of the company’s stock worth $934,000 after purchasing an additional 1,049 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares 3-7 Year Treasury Bond ETF by 11.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,741,689 shares of the company’s stock worth $327,059,000 after purchasing an additional 290,112 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in iShares 3-7 Year Treasury Bond ETF by 1,793.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 95,405 shares of the company’s stock worth $11,362,000 after buying an additional 90,367 shares during the period.

iShares 3-7 Year Treasury Bond ETF Company Profile

(Get Free Report)

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.

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