iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Reaches New 1-Year Low – Time to Sell?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $92.04 and last traded at $92.1350, with a volume of 2558788 shares changing hands. The stock had previously closed at $92.25.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The stock has a market cap of $46.26 billion, a PE ratio of -22.00 and a beta of 0.26. The business has a 50-day moving average of $93.13 and a 200 day moving average of $94.40.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

Hedge Funds Weigh In On iShares 7-10 Year Treasury Bond ETF

A number of institutional investors have recently modified their holdings of the company. Stephens Inc. AR boosted its position in iShares 7-10 Year Treasury Bond ETF by 0.3% during the fourth quarter. Stephens Inc. AR now owns 41,103 shares of the exchange traded fund’s stock worth $3,952,000 after acquiring an additional 107 shares during the last quarter. Van ECK Associates Corp raised its holdings in iShares 7-10 Year Treasury Bond ETF by 12.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,019 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 113 shares during the last quarter. KPP Advisory Services LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 4.5% in the 1st quarter. KPP Advisory Services LLC now owns 3,207 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 138 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 8.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 1,866 shares of the exchange traded fund’s stock worth $176,000 after purchasing an additional 144 shares during the period. Finally, Balboa Wealth Partners lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6.1% during the 1st quarter. Balboa Wealth Partners now owns 2,527 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 145 shares during the period. 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.