iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Hits New 12-Month Low – What’s Next?

Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) hit a new 52-week low on Monday . The stock traded as low as $92.68 and last traded at $92.70, with a volume of 227470 shares traded. The stock had previously closed at $92.85.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2%

The firm has a market cap of $47.03 billion, a P/E ratio of -22.00 and a beta of 0.26. The business has a 50-day moving average price of $93.50 and a 200-day moving average price of $94.67.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a $0.3175 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

Hedge funds have recently made changes to their positions in the stock. Legacy Wealth Partners LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 159.7% during the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after acquiring an additional 13,298 shares in the last quarter. Jessup Wealth Management Inc raised its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% in the 4th quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock valued at $11,011,000 after acquiring an additional 5,384 shares during the last quarter. Bayshore Capital Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $891,000. Arkos Global Advisors lifted its stake in iShares 7-10 Year Treasury Bond ETF by 5.2% in the 4th quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock worth $57,530,000 after purchasing an additional 29,597 shares in the last quarter. Finally, Resonant Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $1,868,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.