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

Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) reached a new 52-week low during trading on Tuesday. The stock traded as low as $113.27 and last traded at $113.44, with a volume of 5127292 shares changing hands. The stock had previously closed at $113.81.

iShares 3-7 Year Treasury Bond ETF Stock Performance

The stock’s 50 day moving average is $115.65 and its two-hundred day moving average is $116.96.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.3713 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3625. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.9%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in IEI. Silicon Valley Capital Partners increased its position in iShares 3-7 Year Treasury Bond ETF by 13.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 357,310 shares of the company’s stock valued at $41,966,000 after acquiring an additional 41,726 shares during the period. Sequoia Financial Advisors LLC lifted its position in iShares 3-7 Year Treasury Bond ETF by 22.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,020 shares of the company’s stock worth $590,000 after acquiring an additional 920 shares during the period. Capital Analysts LLC increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 29.7% in the second quarter. Capital Analysts LLC now owns 2,221 shares of the company’s stock valued at $261,000 after purchasing an additional 508 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 2.3% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 38,652 shares of the company’s stock valued at $4,540,000 after purchasing an additional 870 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in shares of iShares 3-7 Year Treasury Bond ETF by 276.9% during the second quarter. Integrated Wealth Concepts LLC now owns 93,839 shares of the company’s stock worth $11,021,000 after purchasing an additional 68,943 shares during the last quarter.

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.