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 Thursday . 4,445,471 shares were traded during trading, an increase of 116% from the previous session’s volume of 2,061,076 shares.The stock last traded at $115.62 and had previously closed at $115.37.

iShares 3-7 Year Treasury Bond ETF Price Performance

The business has a 50-day moving average of $115.88 and a 200 day moving average of $117.24.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.3303 per share. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a $3.96 annualized dividend and a yield of 3.43%.

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

Hedge funds have recently modified their holdings of the company. Bogart Wealth LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 400.0% during the third quarter. Bogart Wealth LLC now owns 225 shares of the company’s stock valued at $27,000 after buying an additional 180 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth approximately $27,000. Coston McIsaac & Partners raised its holdings 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 purchasing an additional 156 shares during the period. Richardson Financial Services Inc. lifted its stake in iShares 3-7 Year Treasury Bond ETF by 494.1% in the third quarter. Richardson Financial Services Inc. now owns 303 shares of the company’s stock valued at $36,000 after purchasing an additional 252 shares during the last quarter. Finally, PSI Advisors LLC grew its holdings in iShares 3-7 Year Treasury Bond ETF by 76.7% during the fourth quarter. PSI Advisors LLC now owns 334 shares of the company’s stock valued at $39,000 after purchasing an additional 145 shares during the period.

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).