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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)’s share price hit a new 52-week low on Monday . The stock traded as low as $114.49 and last traded at $114.4650, with a volume of 3998 shares trading hands. The stock had previously closed at $114.55.

iShares 3-7 Year Treasury Bond ETF Price Performance

The company’s 50-day moving average is $116.37 and its 200-day moving average is $117.48.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

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

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

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

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.