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 unusually-strong trading volume on Wednesday . Approximately 2,181,702 shares changed hands during trading, an increase of 41% from the previous session’s volume of 1,547,779 shares.The stock last traded at $116.94 and had previously closed at $116.85.

iShares 3-7 Year Treasury Bond ETF Stock Performance

The company has a 50-day moving average of $116.96 and a 200-day moving average of $117.22.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were given a dividend of $0.3111 per share. The ex-dividend date was Monday, December 2nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Bogart Wealth LLC increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 400.0% in the third quarter. Bogart Wealth LLC now owns 225 shares of the company’s stock valued at $27,000 after purchasing an additional 180 shares during the period. Coston McIsaac & Partners increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 113.0% in the third quarter. Coston McIsaac & Partners now owns 294 shares of the company’s stock valued at $35,000 after purchasing an additional 156 shares during the period. Richardson Financial Services Inc. increased its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 494.1% in the third quarter. Richardson Financial Services Inc. now owns 303 shares of the company’s stock valued at $36,000 after purchasing an additional 252 shares during the period. Rothschild Investment LLC purchased a new stake in shares of iShares 3-7 Year Treasury Bond ETF in the second quarter worth about $38,000. Finally, Castleview Partners LLC boosted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 65.2% in the third quarter. Castleview Partners LLC now owns 337 shares of the company’s stock worth $40,000 after buying an additional 133 shares during the last quarter.

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).