iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Hits New 52-Week High – Time to Buy?

Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) hit a new 52-week high on Wednesday . The stock traded as high as $120.42 and last traded at $120.36, with a volume of 1623703 shares. The stock had previously closed at $120.25.

iShares 3-7 Year Treasury Bond ETF Price Performance

The firm has a 50-day simple moving average of $119.61 and a two-hundred day simple moving average of $118.61.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a $0.3462 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Large investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. boosted its holdings in iShares 3-7 Year Treasury Bond ETF by 4.8% in the first quarter. Oppenheimer & Co. Inc. now owns 4,241 shares of the company’s stock worth $501,000 after purchasing an additional 193 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the 1st quarter worth about $82,000. Sequoia Financial Advisors LLC boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 19.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,410 shares of the company’s stock worth $403,000 after acquiring an additional 548 shares in the last quarter. Balefire LLC boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 1,619.9% during the 1st quarter. Balefire LLC now owns 22,462 shares of the company’s stock worth $2,654,000 after acquiring an additional 21,156 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 2.1% during the 1st quarter. Transcend Capital Advisors LLC now owns 43,376 shares of the company’s stock worth $5,124,000 after acquiring an additional 906 shares in 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).