iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sets New 52-Week Low – Here’s Why

Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) hit a new 52-week low during trading on Friday . The company traded as low as $92.76 and last traded at $92.79, with a volume of 4386124 shares traded. The stock had previously closed at $93.21.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The stock has a 50-day simple moving average of $93.94 and a 200 day simple moving average of $95.09. The company has a market cap of $47.02 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.3111 per share. The ex-dividend date was Wednesday, July 1st.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Wealth Partners LLC raised 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 worth $2,064,000 after buying an additional 13,298 shares during the period. ABLE Financial Group LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 30.7% during the 4th quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock worth $2,150,000 after acquiring an additional 5,255 shares during the last quarter. Center For Asset Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $954,000. Assetmark Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.3% in the 4th quarter. Assetmark Inc. now owns 1,007,769 shares of the exchange traded fund’s stock valued at $96,907,000 after acquiring an additional 13,133 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 250.0% in the 4th quarter. Greenleaf Trust now owns 769,541 shares of the exchange traded fund’s stock valued at $73,999,000 after buying an additional 549,696 shares during the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

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.