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

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) saw strong trading volume on Monday. Approximately 4,398,928 shares were traded during mid-day 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 Performance

The stock’s fifty day moving average price is $115.83 and its two-hundred day moving average price is $117.08.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.3713 per share. This represents a $4.46 annualized dividend and a dividend yield of 3.9%. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3625. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. lifted its position in shares of iShares 3-7 Year Treasury Bond ETF by 111.0% in the 1st quarter. Howe & Rusling Inc. now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 111 shares during the period. Cardinal Strategic Wealth Guidance bought a new position in iShares 3-7 Year Treasury Bond ETF in the first quarter worth about $25,000. Cherry Tree Wealth Management LLC lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 214.7% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 343 shares of the company’s stock worth $41,000 after buying an additional 234 shares during the period. BankChampaign National Association purchased a new stake in iShares 3-7 Year Treasury Bond ETF in the first quarter worth about $54,000. Finally, SHP Wealth Management bought a new stake in iShares 3-7 Year Treasury Bond ETF during the 4th quarter valued at approximately $59,000.

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). 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.