iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sets New 1-Year Low – What’s Next?

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) reached a new 52-week low during trading on Monday . The company traded as low as $116.43 and last traded at $116.51, with a volume of 391198 shares changing hands. The stock had previously closed at $116.77.

iShares 3-7 Year Treasury Bond ETF Stock Performance

The business’s 50-day simple moving average is $117.22 and its two-hundred day simple moving average is $118.43.

iShares 3-7 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.3625 dividend. The ex-dividend date was Wednesday, July 1st.

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

A number of institutional investors have recently modified their holdings of the company. Asempa Wealth Advisors acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter valued at approximately $926,000. Spartan Planning & Wealth Management grew its holdings in iShares 3-7 Year Treasury Bond ETF by 192.4% during the fourth quarter. Spartan Planning & Wealth Management now owns 136,057 shares of the company’s stock worth $16,238,000 after acquiring an additional 89,526 shares during the period. Central Pacific Bank Trust Division purchased a new position in iShares 3-7 Year Treasury Bond ETF in the fourth quarter worth $1,435,000. D.A. Davidson & CO. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 85.4% in the fourth quarter. D.A. Davidson & CO. now owns 75,696 shares of the company’s stock valued at $9,034,000 after acquiring an additional 34,864 shares during the period. Finally, 4J Wealth Management LLC boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 28.7% during the 4th quarter. 4J Wealth Management LLC now owns 54,012 shares of the company’s stock worth $6,446,000 after purchasing an additional 12,060 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). 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.