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

Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) saw unusually-strong trading volume on Tuesday . Approximately 1,166,255 shares traded hands during trading, an increase of 28% from the previous session’s volume of 914,469 shares.The stock last traded at $115.18 and had previously closed at $115.41.

iShares 3-7 Year Treasury Bond ETF Stock Performance

The stock has a 50 day simple moving average of $116.08 and a 200-day simple moving average of $117.29.

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 paid a $0.3303 dividend. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.96 dividend on an annualized basis and a yield of 3.44%.

Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in shares of iShares 3-7 Year Treasury Bond ETF during the third quarter valued at approximately $264,000. Sequoia Financial Advisors LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 46.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,068 shares of the company’s stock worth $367,000 after purchasing an additional 967 shares during the period. Oliver Lagore Vanvalin Investment Group raised its stake in iShares 3-7 Year Treasury Bond ETF by 258.1% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 70,217 shares of the company’s stock valued at $8,108,000 after buying an additional 50,607 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the 3rd quarter valued at $682,000. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 6.9% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 505,304 shares of the company’s stock worth $60,437,000 after buying an additional 32,736 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).