iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sets New 12-Month Low – Should You Sell?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares hit a new 52-week low on Thursday . The company traded as low as $92.83 and last traded at $92.83, with a volume of 38118 shares trading hands. The stock had previously closed at $93.10.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3%

The firm has a market capitalization of $47.00 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm’s 50-day simple moving average is $94.00 and its 200-day simple moving average is $95.22.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IEF. Stephens Inc. AR raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 0.3% in the 4th 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 in the last quarter. Fiduciary Alliance LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.4% during the fourth quarter. Fiduciary Alliance LLC now owns 7,935 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 110 shares in the last quarter. GC Wealth Management RIA LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 4.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 2,767 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 113 shares during the period. KPP Advisory Services LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 4.5% in the first quarter. KPP Advisory Services LLC now owns 3,207 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 138 shares during the period. Finally, Dogwood Wealth Management LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 8.4% during the second quarter. Dogwood Wealth Management LLC now owns 1,866 shares of the exchange traded fund’s stock valued at $176,000 after buying an additional 144 shares during the period. 81.48% of the stock is currently owned by institutional investors.

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.