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

Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) saw unusually-high trading volume on Monday. Approximately 4,398,928 shares traded hands during trading, an increase of 156% from the previous session’s volume of 1,721,115 shares. The stock last traded at $113.4250 and had previously closed at $113.81.

iShares 3-7 Year Treasury Bond ETF Stock Up 0.0%

The firm’s 50 day moving average price is $115.71 and its 200-day moving average price is $117.00.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.3713 dividend. This represents a $4.46 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, September 1st. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3625.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 7.2% during the fourth quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock valued at $2,111,829,000 after purchasing an additional 1,180,896 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares 3-7 Year Treasury Bond ETF by 39.7% during the first quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock valued at $1,096,181,000 after buying an additional 2,627,948 shares during the last quarter. Captrust Financial Advisors increased its holdings in iShares 3-7 Year Treasury Bond ETF by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 5,924,603 shares of the company’s stock worth $707,101,000 after buying an additional 281,282 shares in the last quarter. Assetmark Inc. increased its holdings in iShares 3-7 Year Treasury Bond ETF by 9.8% in the 1st quarter. Assetmark Inc. now owns 3,352,425 shares of the company’s stock worth $397,598,000 after buying an additional 300,397 shares in the last quarter. Finally, LPL Financial LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 2,454,299 shares of the company’s stock worth $292,921,000 after buying an additional 250,345 shares during 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.