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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEIGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $115.50 and last traded at $115.5650, with a volume of 1797202 shares traded. The stock had previously closed at $115.66.

iShares 3-7 Year Treasury Bond ETF Price Performance

The stock has a 50 day moving average of $116.54 and a 200 day moving average of $117.63.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

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

Hedge Funds Weigh In On iShares 3-7 Year Treasury Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mmbg Investment Advisors CO. boosted its position in iShares 3-7 Year Treasury Bond ETF by 149.1% in the fourth quarter. Mmbg Investment Advisors CO. now owns 18,860 shares of the company’s stock valued at $2,251,000 after buying an additional 11,290 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 39.7% during 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 buying an additional 2,627,948 shares in the last quarter. Global Trust Asset Management LLC increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 12.6% during the first quarter. Global Trust Asset Management LLC now owns 96,832 shares of the company’s stock worth $11,484,000 after buying an additional 10,860 shares in the last quarter. Weaver Capital Management LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the 1st quarter valued at $27,439,000. Finally, Napier Financial LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth $20,317,000.

iShares 3-7 Year Treasury Bond ETF Company Profile

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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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