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)’s share price passed 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 trading hands.

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

The company has a 50 day simple moving average of $114.59 and a 200-day simple moving average of $117.17.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.3683 dividend. This is a drop from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.3713. This represents a $4.42 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Trading of iShares 3-7 Year Treasury Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Howe & Rusling Inc. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 111.0% in the first quarter. Howe & Rusling Inc. now owns 211 shares of the company’s stock worth $25,000 after acquiring an additional 111 shares during the last quarter. Nvwm LLC acquired a new position in iShares 3-7 Year Treasury Bond ETF in the third quarter valued at approximately $38,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the third quarter valued at approximately $49,000. BankChampaign National Association bought a new position in shares of iShares 3-7 Year Treasury Bond ETF during the first quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC grew its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 69.4% during the first quarter. Sound Income Strategies LLC now owns 610 shares of the company’s stock valued at $72,000 after purchasing an additional 250 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). 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.