iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Share Price Cross Below Fifty Day Moving Average – What’s Next?

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $114.31 and traded as low as $113.85. iShares 3-7 Year Treasury Bond ETF shares last traded at $113.85, with a volume of 3,811,733 shares traded.

iShares 3-7 Year Treasury Bond ETF Stock Performance

The firm’s 50-day simple moving average is $114.31 and its two-hundred day simple moving average is $116.96.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a dividend of $0.3809 per share. The ex-dividend date was Monday, November 2nd. This is an increase from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3683. This represents a $4.57 annualized dividend and a dividend yield of 4.0%.

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

Hedge funds have recently made changes to their positions in the company. Independence Financial Advisors LLC raised its position in iShares 3-7 Year Treasury Bond ETF by 5.2% during the 3rd quarter. Independence Financial Advisors LLC now owns 184,973 shares of the company’s stock worth $20,983,000 after buying an additional 9,123 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in iShares 3-7 Year Treasury Bond ETF during the 3rd quarter valued at approximately $104,931,000. Legacy Private Trust Co. acquired a new stake in iShares 3-7 Year Treasury Bond ETF during the 3rd quarter valued at approximately $1,377,000. Bank of America Corp DE boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 39.7% in the 1st quarter. Bank of America Corp DE now owns 9,242,672 shares of the company’s stock valued at $1,096,181,000 after acquiring an additional 2,627,948 shares during the last quarter. Finally, Silicon Valley Capital Partners boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 13.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 357,310 shares of the company’s stock valued at $41,966,000 after acquiring an additional 41,726 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.