iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Stock Price Break Below 50-Day Moving Average – Here’s What Happened

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s share price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $90.61 and traded as low as $90.21. iShares 7-10 Year Treasury Bond ETF shares last traded at $90.21, with a volume of 7,727,709 shares trading hands.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The firm has a market cap of $43.71 billion, a PE ratio of -22.00 and a beta of 0.26. The stock’s 50 day simple moving average is $90.61 and its 200 day simple moving average is $93.67.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a $0.3115 dividend. This represents a $3.74 annualized dividend and a yield of 4.1%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. The ex-dividend date was Monday, November 2nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Windsor Advisory Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $27,000. Strive Financial Group LLC boosted its holdings in shares of 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 bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $29,000. West Branch Capital LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 63.3% during the 3rd quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 133 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $34,000. Institutional investors own 81.48% of the company’s stock.

About iShares 7-10 Year Treasury Bond ETF

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.