iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sets New 52-Week Low – What’s Next?

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

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

The stock’s fifty day moving average is $116.03 and its two-hundred day moving average is $117.20.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

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

Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in iShares 3-7 Year Treasury Bond ETF by 7.2% in the 4th quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock valued at $2,111,829,000 after acquiring an additional 1,180,896 shares during the period. Bank of America Corp DE raised its holdings in iShares 3-7 Year Treasury Bond ETF by 39.7% in the 1st quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock valued at $1,096,181,000 after acquiring an additional 2,627,948 shares in the last quarter. Captrust Financial Advisors raised its holdings in iShares 3-7 Year Treasury Bond ETF by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 5,924,603 shares of the company’s stock valued at $707,101,000 after acquiring an additional 281,282 shares in the last quarter. Assetmark Inc. lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 9.8% during the 1st quarter. Assetmark Inc. now owns 3,352,425 shares of the company’s stock valued at $397,598,000 after acquiring an additional 300,397 shares during the period. Finally, LPL Financial LLC lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 2,454,299 shares of the company’s stock valued at $292,921,000 after acquiring an additional 250,345 shares during the period.

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.