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. Following this transaction, the firm now holds 108,768 shares of the ETF after selling 4,639 shares. The total value of BNP Paribas Financial Markets' holdings in the iShares 3-7 Year Treasury Bond ETF amounts to $13,009,000 at the end of the latest reporting period.

Recently, several other hedge funds have also changed their stakes in the ETF. For instance, Bogart Wealth LLC significantly increased its holdings by 400.0% during the third quarter, bringing its total ownership to 225 shares valued at $27,000 after buying an additional 180 shares. Similarly, Coston McIsaac & Partners upped their position by 113.0%, owning 294 shares worth $35,000 after acquiring 156 more shares. Richardson Financial Services Inc. saw an impressive increase of 494.1% in their holdings, now owning 303 shares valued at $36,000 after adding 252 shares to their portfolio during the quarter.

Other firms such as Rothschild Investment LLC have also been active in this area, establishing a new stake in the iShares 3-7 Year Treasury Bond ETF during the second quarter valued at $38,000. Castleview Partners LLC increased its holdings by 65.2% in the third quarter, owning 337 shares valued at $40,000 following a purchase of 133 additional shares.

Performance of iShares 3-7 Year Treasury Bond ETF

The iShares 3-7 Year Treasury Bond ETF opened at $117.13 on Monday. Over the past year, the ETF has seen its stock prices fluctuate between a low of $113.16 and a high of $120.33. The fifty-day moving average stands at $117.36, while the 200-day moving average is recorded at $117.12.

Dividend Increase for iShares 3-7 Year Treasury Bond ETF

Additionally, the iShares 3-7 Year Treasury Bond ETF has recently announced a monthly dividend. Shareholders recorded on November 1st received a dividend payment of $0.3203 on November 6th. This is an increase from the previous monthly dividend of $0.32. The annualized dividend now totals $3.84, giving the ETF a dividend yield of 3.28%.

Profile of iShares 3-7 Year Treasury Bond ETF

The iShares 3-7 Year Treasury Bond ETF, formally known as iShares Barclays 3-7 Year Treasury Bond Fund, is an exchange-traded fund (ETF) aiming to yield performance that corresponds to the price and yield of the Barclays Capital U.S. 3-7 Year Treasury Bond Index.

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