iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Reaches New 12-Month Low – Should You Sell?

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) hit a new 52-week low during trading on Tuesday . The stock traded as low as $115.40 and last traded at $115.40, with a volume of 1693 shares. The stock had previously closed at $116.17.

iShares 3-7 Year Treasury Bond ETF Price Performance

The business’s fifty day moving average price is $116.73 and its 200-day moving average price is $117.78.

iShares 3-7 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.379 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IEI. Bank of America Corp DE grew its position in shares of iShares 3-7 Year Treasury Bond ETF by 39.7% during 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 purchasing an additional 2,627,948 shares in the last quarter. Greenleaf Trust bought a new stake in iShares 3-7 Year Treasury Bond ETF during the second quarter valued at $52,932,000. JPMorgan Chase & Co. boosted its stake in iShares 3-7 Year Treasury Bond ETF by 7.2% during the fourth quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock valued at $2,111,829,000 after buying an additional 1,180,896 shares during the period. Dynasty Wealth Management LLC grew its position in iShares 3-7 Year Treasury Bond ETF by 97.3% during the fourth quarter. Dynasty Wealth Management LLC now owns 1,170,497 shares of the company’s stock worth $139,699,000 after buying an additional 577,371 shares in the last quarter. Finally, OpenArc Corporate Advisory LLC purchased a new position in iShares 3-7 Year Treasury Bond ETF during the fourth quarter worth about $67,139,000.

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.