BNP Paribas Financial Markets Reduces Stake in iShares 3-7 Year Treasury Bond ETF

On December 2, 2024, it was reported that BNP Paribas Financial Markets has decreased its holdings in the iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) by 4.1% during the third quarter of the year. Following the sale of 4,639 shares, BNP Paribas now holds a total of 108,768 shares in the ETF, valued at approximately $13,009,000 as of the latest reporting period.

Other hedge funds have also adjusted their positions in iShares 3-7 Year Treasury Bond ETF recently. For example, Bogart Wealth LLC experienced a significant increase in its holdings, growing by 400.0% in the third quarter, now owning 225 shares worth about $27,000 after acquiring an additional 180 shares. Coston McIsaac & Partners also increased its holdings by 113.0%, owning 294 shares valued at $35,000 after purchasing 156 more shares. Furthermore, Richardson Financial Services Inc. raised its stake by 494.1%, ending up with 303 shares worth $36,000 after adding 252 shares. Rothschild Investment LLC initiated a new position in the fund during the second quarter, which is valued at $38,000. Castleview Partners LLC also increased its stake by 65.2%, now holding 337 shares worth $40,000.

Price Performance of iShares 3-7 Year Treasury Bond ETF

The iShares 3-7 Year Treasury Bond ETF shares opened at $117.13 recently. The ETF has seen a twelve-month low of $113.16 and a high of $120.33 during the same period. Its fifty-day moving average stands at $117.36, while the two-hundred-day moving average is at $117.12.

Dividend Increase for iShares 3-7 Year Treasury Bond ETF

The company has recently announced an increase in its monthly dividend, which was paid out on November 6. Shareholders who held shares by November 1 received a dividend of $0.3203, a small increase from the previous month’s dividend of $0.32. This translates to an annualized dividend of $3.84, giving a dividend yield of 3.28%.

About iShares 3-7 Year Treasury Bond ETF

The iShares 3-7 Year Treasury Bond ETF, formerly known as iShares Barclays 3-7 Year Treasury Bond Fund, is an exchange-traded fund that aims to provide investment results that correspond with the price and yield performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index.

BNPParibas, ETFs, Investments