iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Hits New 12-Month Low – Time to Sell?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $92.76 and last traded at $92.79, with a volume of 4386124 shares changing hands. The stock had previously closed at $93.21.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.5%

The stock has a market capitalization of $47.02 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s fifty day simple moving average is $93.94 and its 200 day simple moving average is $95.09.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently declared 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 was Wednesday, July 1st.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

Several large investors have recently made changes to their positions in IEF. Legacy Wealth Partners LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% during the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after purchasing an additional 13,298 shares in the last quarter. ABLE Financial Group LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 30.7% in the 4th quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock worth $2,150,000 after acquiring an additional 5,255 shares in the last quarter. Center For Asset Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $954,000. Assetmark Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 1.3% in the fourth quarter. Assetmark Inc. now owns 1,007,769 shares of the exchange traded fund’s stock worth $96,907,000 after acquiring an additional 13,133 shares during the period. Finally, Greenleaf Trust lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 250.0% during the 4th quarter. Greenleaf Trust now owns 769,541 shares of the exchange traded fund’s stock valued at $73,999,000 after buying an additional 549,696 shares during the last quarter. Institutional investors and hedge funds 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.