iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Shares Break Above Fifty Day Moving Average – Time to Sell?

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $114.59 and traded as high as $114.97. iShares 3-7 Year Treasury Bond ETF shares last traded at $114.86, with a volume of 1,776,955 shares traded.

iShares 3-7 Year Treasury Bond ETF Stock Up 0.3%

The company has a 50-day simple moving average of $114.59 and a two-hundred day simple moving average of $117.17.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3683 per share. This represents a $4.42 annualized dividend and a dividend yield of 3.8%. This is a negative change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713. The ex-dividend date of this dividend was Thursday, October 1st.

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

Institutional investors have recently modified their holdings of the company. Frederick Financial Consultants LLC raised its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 49.0% in the 3rd quarter. Frederick Financial Consultants LLC now owns 2,638 shares of the company’s stock worth $299,000 after purchasing an additional 867 shares in the last quarter. Welch Group LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF during the third quarter worth approximately $1,919,000. Woodmont Investment Counsel LLC bought a new stake in iShares 3-7 Year Treasury Bond ETF during the third quarter worth approximately $12,062,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in iShares 3-7 Year Treasury Bond ETF during the third quarter worth approximately $283,503,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in iShares 3-7 Year Treasury Bond ETF in the third quarter worth approximately $11,032,000.

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.