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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $93.01 and last traded at $93.02, with a volume of 1434111 shares changing hands. The stock had previously closed at $93.47.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.4%

The firm’s fifty day moving average price is $95.26 and its 200-day moving average price is $96.09. The firm has a market cap of $47.51 billion, a price-to-earnings 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 announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.3125 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.0%.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in iShares 7-10 Year Treasury Bond ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after purchasing an additional 9,414,689 shares during the period. Ashton Thomas Securities LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth $416,000. Arkadios Wealth Advisors boosted its stake in iShares 7-10 Year Treasury Bond ETF by 125.2% during the 1st quarter. Arkadios Wealth Advisors now owns 60,921 shares of the exchange traded fund’s stock worth $5,814,000 after purchasing an additional 33,871 shares during the period. Royal Bank of Canada boosted its stake in iShares 7-10 Year Treasury Bond ETF by 250.4% during the 1st quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after purchasing an additional 2,421,315 shares during the period. Finally, Estate Counselors LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 95.5% during the 1st quarter. Estate Counselors LLC now owns 227,204 shares of the exchange traded fund’s stock worth $21,684,000 after purchasing an additional 111,014 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

(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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