iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Stock Price Cross Below 50 Day Moving Average – Should You Sell?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $90.95 and traded as low as $90.74. iShares 7-10 Year Treasury Bond ETF shares last traded at $90.85, with a volume of 10,809,491 shares traded.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The firm has a market cap of $43.25 billion, a PE ratio of -22.00 and a beta of 0.26. The stock has a 50 day simple moving average of $90.95 and a two-hundred day simple moving average of $93.93.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.3069 per share. This represents a $3.68 annualized dividend and a yield of 4.1%. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Summit Global Investments grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 11.5% during the 3rd quarter. Summit Global Investments now owns 430,034 shares of the exchange traded fund’s stock worth $38,406,000 after purchasing an additional 44,354 shares during the period. Global View Capital Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 171.2% during the 3rd quarter. Global View Capital Management LLC now owns 15,463 shares of the exchange traded fund’s stock valued at $1,381,000 after acquiring an additional 9,761 shares during the period. Glenview Trust Co grew its holdings in iShares 7-10 Year Treasury Bond ETF by 19.3% in the third quarter. Glenview Trust Co now owns 2,665 shares of the exchange traded fund’s stock valued at $238,000 after purchasing an additional 431 shares during the period. Founders Financial Securities LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 112.1% in the 3rd quarter. Founders Financial Securities LLC now owns 5,189 shares of the exchange traded fund’s stock worth $463,000 after acquiring an additional 2,743 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 8.6% during the third quarter. United Asset Strategies Inc. now owns 19,487 shares of the exchange traded fund’s stock worth $1,740,000 after purchasing an additional 1,536 shares in the last quarter. 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.