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

On December 2nd, 2024, BNP Paribas Financial Markets announced a reduction in its investment in the iShares 3-7 Year Treasury Bond ETF, known by its ticker symbol NASDAQ:IEI. During the third quarter of the year, the firm sold 4,639 shares, resulting in a 4.1% decrease in their overall holdings. Following this sale, BNP Paribas Financial Markets retained ownership of 108,768 shares of the ETF. The total value of their holdings in the iShares 3-7 Year Treasury Bond ETF was reported to be approximately $13,009,000 at the close of the latest reporting period.

In addition to BNP Paribas, several other hedge funds have adjusted their positions in iShares 3-7 Year Treasury Bond ETF. For instance, Bogart Wealth LLC significantly increased its holdings by 400.0% in the third quarter, now owning 225 shares that are valued at $27,000 after buying an additional 180 shares. Similarly, Coston McIsaac & Partners raised its investment by 113.0%, bringing their total to 294 shares worth $35,000 after adding 156 more shares during the same period.

Richardson Financial Services Inc. reported an impressive 494.1% increase in their position, owning 303 shares valued at $36,000 after purchasing 252 shares. Additionally, Rothschild Investment LLC took a new position in the ETF valued at $38,000 during the second quarter. Castleview Partners LLC also saw a 65.2% rise in their holdings during the third quarter, totaling 337 shares valued at $40,000 by acquiring 133 shares.

Performance of iShares 3-7 Year Treasury Bond ETF

The iShares 3-7 Year Treasury Bond ETF's stock opened at $117.13 on the most recent Monday. Over the past year, the ETF has experienced fluctuations, hitting 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 slightly lower at $117.12.

Recent Dividend Increase

The management of iShares 3-7 Year Treasury Bond ETF also declared a recent monthly dividend. This dividend was paid out on November 6th, with shareholders who were recorded by November 1st receiving a payment of $0.3203 per share. This amount marked an increase from the previous monthly dividend of $0.32. Consequently, this translates to an annualized dividend of $3.84, resulting in 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 located in the U.S. The main investment goal of this fund is to align closely with the performance in price and yield of the Barclays Capital U.S. 3-7 Year Treasury Bond Index.

BNP, Paribas, ETF