iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Hits New 1-Year Low – Should You Sell?

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

iShares 3-7 Year Treasury Bond ETF Price Performance

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

iShares 3-7 Year Treasury Bond ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 48.6% during the 3rd quarter. Ancora Advisors LLC now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC increased its position in iShares 3-7 Year Treasury Bond ETF by 1.1% in the fourth quarter. MorganRosel Wealth Management LLC now owns 8,248 shares of the company’s stock worth $984,000 after purchasing an additional 87 shares during the last quarter. JGP Wealth Management LLC raised its stake in iShares 3-7 Year Treasury Bond ETF by 2.3% during the second quarter. JGP Wealth Management LLC now owns 3,877 shares of the company’s stock valued at $455,000 after purchasing an additional 89 shares in the last quarter. Fortune Financial Advisors LLC lifted its position in iShares 3-7 Year Treasury Bond ETF by 0.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 26,432 shares of the company’s stock valued at $3,155,000 after purchasing an additional 98 shares during the last quarter. Finally, Oxbow Advisors LLC grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 4.9% in the 4th quarter. Oxbow Advisors LLC now owns 2,146 shares of the company’s stock worth $256,000 after buying an additional 101 shares in the last quarter.

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.