iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Hits New 52-Week Low – Time to Sell?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEFGet Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as $90.96 and last traded at $90.9290, with a volume of 20723 shares. The stock had previously closed at $91.01.

iShares 7-10 Year Treasury Bond ETF Price Performance

The firm’s fifty day simple moving average is $93.01 and its 200 day simple moving average is $94.32. The company has a market capitalization of $46.14 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a $0.332 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.4%. This is a boost 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

Institutional investors have recently made changes to their positions in the company. Bison Wealth LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% in the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after acquiring an additional 113,663 shares during the period. StoneX Group Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $213,000. The Manufacturers Life Insurance Company increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after purchasing an additional 616,905 shares in the last quarter. Ausdal Financial Partners Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 7.5% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock worth $450,000 after purchasing an additional 329 shares during the period. Finally, Camarda Financial Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 7.7% in the 2nd quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock worth $1,221,000 after purchasing an additional 913 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

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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