iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sees Large Volume Increase – Still a Buy?

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) shares saw strong trading volume on Friday . 1,936,031 shares traded hands during mid-day trading, an increase of 17% from the previous session’s volume of 1,659,229 shares.The stock last traded at $117.39 and had previously closed at $117.54.

iShares 3-7 Year Treasury Bond ETF Stock Down 0.2 %

The business has a fifty day moving average of $116.15 and a 200 day moving average of $117.01.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.3038 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anchor Pointe Wealth Management LLC acquired a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter valued at approximately $1,071,000. Heck Capital Advisors LLC acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the fourth quarter worth $4,834,000. Great Valley Advisor Group Inc. grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 7.0% in the fourth quarter. Great Valley Advisor Group Inc. now owns 49,820 shares of the company’s stock worth $5,757,000 after acquiring an additional 3,271 shares during the last quarter. Ascent Group LLC grew its stake in shares of iShares 3-7 Year Treasury Bond ETF by 9.7% in the fourth quarter. Ascent Group LLC now owns 27,504 shares of the company’s stock worth $3,178,000 after acquiring an additional 2,424 shares during the last quarter. Finally, Mittelman Wealth Management acquired a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the fourth quarter worth $229,000.

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).