iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Hits New 12-Month Low – Should You Sell?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) hit a new 52-week low on Monday . The stock traded as low as $90.96 and last traded at $90.9290, with a volume of 20723 shares. The stock had previously closed at $91.01.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The firm has a market capitalization of $46.14 billion, a PE ratio of -22.00 and a beta of 0.26. The company has a fifty day simple moving average of $93.01 and a two-hundred day simple moving average of $94.32.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.332 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a yield of 4.4%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 53.8% in the fourth quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock worth $12,965,539,000 after acquiring an additional 47,170,533 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after buying an additional 9,414,689 shares during the period. JPMorgan Chase & Co. grew its stake in iShares 7-10 Year Treasury Bond ETF by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock valued at $3,287,698,000 after purchasing an additional 7,506,518 shares during the last quarter. Morgan Stanley lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 19.1% during the fourth quarter. Morgan Stanley now owns 17,039,671 shares of the exchange traded fund’s stock worth $1,638,535,000 after purchasing an additional 2,737,040 shares during the period. Finally, Royal Bank of Canada boosted its position in iShares 7-10 Year Treasury Bond ETF by 250.4% in the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock valued at $323,377,000 after buying an additional 2,421,315 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

About iShares 7-10 Year Treasury Bond ETF

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.