BNP Paribas Financial Markets Sells 4,639 Shares of iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI)

On December 2, 2024, it was reported that BNP Paribas Financial Markets has reduced its investment in the iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 4.1% during the third quarter of the year. After selling 4,639 shares, the firm now holds a total of 108,768 shares of the ETF. As of the last reporting period, BNP Paribas Financial Markets valued its holdings in the iShares 3-7 Year Treasury Bond ETF at approximately $13 million.

Several other hedge funds have also made changes to their stakes in the iShares 3-7 Year Treasury Bond ETF. For instance, Bogart Wealth LLC increased its holdings by an impressive 400.0% in the third quarter, bringing its total to 225 shares worth $27,000 after acquiring an additional 180 shares. Similarly, Coston McIsaac & Partners expanded their position by 113.0%, holding 294 shares now valued at $35,000 after purchasing 156 more shares in the past quarter.

Richardson Financial Services Inc. displayed a significant growth of 494.1% in their holdings, now owning 303 shares worth $36,000 following an acquisition of 252 shares. Additionally, Rothschild Investment LLC established a new position worth $38,000 during the second quarter. Castleview Partners LLC also increased its investment by 65.2%, currently holding 337 shares, worth $40,000 after acquiring 133 shares.

Price Performance of iShares 3-7 Year Treasury Bond ETF

On the trading day reported, the shares of the iShares 3-7 Year Treasury Bond ETF opened at $117.13. Over the preceding year, the ETF has reached a low of $113.16 and a high of $120.33. Its fifty-day and 200-day moving averages stand at $117.36 and $117.12, respectively.

Dividend Increase Announcement

The iShares 3-7 Year Treasury Bond ETF recently declared a monthly dividend, which was distributed on November 6, 2024. Shareholders who were on record as of November 1, 2024, received a dividend of $0.3203 per share, an increase from the prior monthly dividend of $0.32. The ex-dividend date was also November 1, 2024. This adjustment results in an annualized dividend of $3.84, reflecting a dividend yield of 3.28%.

About iShares 3-7 Year Treasury Bond ETF

The iShares 3-7 Year Treasury Bond ETF, previously known as the iShares Barclays 3-7 Year Treasury Bond Fund, is an exchange-traded fund designed to track the performance and yield of the Barclays Capital U.S. 3-7 Year Treasury Bond Index.

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