iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Hits New 12-Month Low – Should You Sell?

Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) hit a new 52-week low during trading on Tuesday . The company traded as low as $115.50 and last traded at $115.5650, with a volume of 1797202 shares trading hands. The stock had previously closed at $115.66.

iShares 3-7 Year Treasury Bond ETF Stock Performance

The company has a fifty day moving average price of $116.54 and a two-hundred day moving average price of $117.63.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.3713 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. 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 $0.36.

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

A number of hedge funds have recently modified their holdings of the business. Mmbg Investment Advisors CO. increased its holdings in iShares 3-7 Year Treasury Bond ETF by 149.1% in the fourth quarter. Mmbg Investment Advisors CO. now owns 18,860 shares of the company’s stock valued at $2,251,000 after purchasing an additional 11,290 shares during the period. Bank of America Corp DE lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 39.7% during the 1st quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock worth $1,096,181,000 after buying an additional 2,627,948 shares during the period. TPG Financial Advisors LLC grew its position in shares of iShares 3-7 Year Treasury Bond ETF by 13.5% in the 4th quarter. TPG Financial Advisors LLC now owns 62,455 shares of the company’s stock valued at $7,454,000 after buying an additional 7,433 shares during the last quarter. Napier Financial LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter valued at about $20,317,000. Finally, Weaver Capital Management LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the first quarter valued at about $27,439,000.

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.