iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Hits New 1-Year Low – Here’s Why

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $92.68 and last traded at $92.70, with a volume of 227470 shares changing hands. The stock had previously closed at $92.85.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2%

The firm has a 50-day moving average of $93.50 and a two-hundred day moving average of $94.67. The company has a market capitalization of $47.03 billion, a PE ratio of -22.00 and a beta of 0.26.

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iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a dividend of $0.3175 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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

Institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 53.8% during 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 purchasing an additional 47,170,533 shares during the period. JPMorgan Chase & Co. boosted its position in iShares 7-10 Year Treasury Bond ETF by 28.1% in 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 buying an additional 7,506,518 shares during the period. Bank of America Corp DE boosted its position in 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 buying an additional 9,414,689 shares during the period. Morgan Stanley grew its stake 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 in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the second quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after buying an additional 495,772 shares in 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

(Get Free Report)

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.

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