iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sees Strong Trading Volume – Still a Buy?

Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) saw an uptick in trading volume on Tuesday . 1,166,255 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 914,469 shares.The stock last traded at $115.18 and had previously closed at $115.41.

iShares 3-7 Year Treasury Bond ETF Stock Performance

The business has a 50 day moving average price of $116.08 and a two-hundred day moving average price of $117.29.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.3303 per share. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.96 dividend on an annualized basis and a yield of 3.44%.

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

A number of large investors have recently modified their holdings of IEI. Bogart Wealth LLC raised its holdings in iShares 3-7 Year Treasury Bond ETF by 400.0% in the third quarter. Bogart Wealth LLC now owns 225 shares of the company’s stock worth $27,000 after purchasing an additional 180 shares in the last quarter. Coston McIsaac & Partners increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 113.0% in the 3rd quarter. Coston McIsaac & Partners now owns 294 shares of the company’s stock worth $35,000 after acquiring an additional 156 shares in the last quarter. Richardson Financial Services Inc. increased its stake in shares of iShares 3-7 Year Treasury Bond ETF by 494.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 303 shares of the company’s stock worth $36,000 after acquiring an additional 252 shares in the last quarter. Castleview Partners LLC lifted its position in iShares 3-7 Year Treasury Bond ETF by 65.2% during the 3rd quarter. Castleview Partners LLC now owns 337 shares of the company’s stock valued at $40,000 after acquiring an additional 133 shares during the period. Finally, MidAtlantic Capital Management Inc. bought a new stake in iShares 3-7 Year Treasury Bond ETF during the third quarter worth about $53,000.

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).