iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Sets New 52-Week High Following Dividend Announcement

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) reached a new 52-week high during trading on Thursday after the company announced a dividend. The stock traded as high as $117.82 and last traded at $117.75, with a volume of 608344 shares changing hands. The stock had previously closed at $117.67.

The newly announced dividend which will be paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st will be issued a $0.3154 dividend. The ex-dividend date is Thursday, August 1st. This is a positive change from iShares 3-7 Year Treasury Bond ETF’s previous monthly dividend of $0.30. This represents a $3.79 annualized dividend and a yield of 3.18%.

iShares 3-7 Year Treasury Bond ETF Trading Up 1.1 %

The business’s fifty day moving average is $115.83 and its 200 day moving average is $115.43.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEI. Hexagon Capital Partners LLC grew its position in shares of iShares 3-7 Year Treasury Bond ETF by 895.5% in the 4th quarter. Hexagon Capital Partners LLC now owns 219 shares of the company’s stock valued at $26,000 after acquiring an additional 197 shares during the period. Howe & Rusling Inc. bought a new position in shares of iShares 3-7 Year Treasury Bond ETF in the 4th quarter valued at about $30,000. Scarborough Advisors LLC bought a new stake in shares of iShares 3-7 Year Treasury Bond ETF during the 4th quarter worth about $32,000. WealthShield Partners LLC boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 4,850.0% during the 4th quarter. WealthShield Partners LLC now owns 297 shares of the company’s stock worth $35,000 after buying an additional 291 shares during the period. Finally, Salem Investment Counselors Inc. boosted its holdings in shares of iShares 3-7 Year Treasury Bond ETF by 94.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 303 shares of the company’s stock worth $35,000 after buying an additional 147 shares during the period.

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).