iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $94.71 and traded as low as $93.23. iShares 7-10 Year Treasury Bond ETF shares last traded at $93.32, with a volume of 5,671,204 shares trading hands.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The company has a 50 day moving average of $93.53 and a 200-day moving average of $94.69. The stock has a market cap of $47.11 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

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 given a dividend of $0.3175 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Inflows and Outflows

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