iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sets New 52-Week Low – Here’s Why

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares hit a new 52-week low on Tuesday . The company 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 50 day moving average of $93.22 and a 200-day moving average of $94.47. The company has a market cap of $46.76 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.332 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, September 1st.

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

Large investors have recently bought and sold shares of the company. Windsor Advisory Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at about $27,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $28,000. Strive Financial Group LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 483.0% in the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 256 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $29,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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.