iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sees Strong Trading Volume – Here’s Why

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) shares saw unusually-high trading volume on Thursday . Approximately 4,445,471 shares were traded during trading, an increase of 116% from the previous session’s volume of 2,061,076 shares.The stock last traded at $115.62 and had previously closed at $115.37.

iShares 3-7 Year Treasury Bond ETF Price Performance

The company has a 50-day moving average price of $115.88 and a two-hundred day moving average price of $117.24.

iShares 3-7 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.3303 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date was Wednesday, December 18th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC acquired a new position in shares of iShares 3-7 Year Treasury Bond ETF during the third quarter worth approximately $264,000. Sequoia Financial Advisors LLC raised its holdings in iShares 3-7 Year Treasury Bond ETF by 46.0% during the third quarter. Sequoia Financial Advisors LLC now owns 3,068 shares of the company’s stock worth $367,000 after buying an additional 967 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 in the third quarter valued at $682,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of iShares 3-7 Year Treasury Bond ETF by 258.1% in the second 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 in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 6.9% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 505,304 shares of the company’s stock valued at $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).