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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) shares saw unusually-strong trading volume on Friday . Approximately 1,939,162 shares traded hands during trading, a decline of 6% from the previous session’s volume of 2,053,291 shares.The stock last traded at $118.11 and had previously closed at $118.72.

iShares 3-7 Year Treasury Bond ETF Stock Down 0.5%

The firm has a 50 day simple moving average of $119.42 and a two-hundred day simple moving average of $119.58.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.3312 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.4%.

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

Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 20.7% during the third quarter. Global Retirement Partners LLC now owns 28,830 shares of the company’s stock valued at $3,445,000 after buying an additional 4,938 shares during the period. MBL Wealth LLC boosted its position in iShares 3-7 Year Treasury Bond ETF by 4.8% during the third quarter. MBL Wealth LLC now owns 209,779 shares of the company’s stock worth $25,071,000 after acquiring an additional 9,581 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in iShares 3-7 Year Treasury Bond ETF by 94.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 9,345 shares of the company’s stock worth $1,116,000 after acquiring an additional 4,537 shares during the period. DAVENPORT & Co LLC grew its stake in iShares 3-7 Year Treasury Bond ETF by 14.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 64,229 shares of the company’s stock worth $7,676,000 after acquiring an additional 8,353 shares during the period. Finally, WestEnd Advisors LLC raised its holdings in iShares 3-7 Year Treasury Bond ETF by 13.8% in the 3rd quarter. WestEnd Advisors LLC now owns 1,155,466 shares of the company’s stock valued at $138,091,000 after acquiring an additional 139,823 shares during the last quarter.

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.