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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares hit a new 52-week low on Wednesday . The company traded as low as $90.55 and last traded at $90.5060, with a volume of 1996758 shares traded. The stock had previously closed at $91.16.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.9%

The business has a 50 day moving average of $92.63 and a 200-day moving average of $94.00. The stock has a market cap of $41.65 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 disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.332 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 4.4%.

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

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after acquiring an additional 9,414,689 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.1% in the fourth quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock worth $3,287,698,000 after acquiring an additional 7,506,518 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% during the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after acquiring an additional 2,421,315 shares in the last quarter. Focus Partners Wealth boosted its position in iShares 7-10 Year Treasury Bond ETF by 606.5% during the fourth quarter. Focus Partners Wealth now owns 1,353,687 shares of the exchange traded fund’s stock valued at $130,166,000 after purchasing an additional 1,162,073 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $96,223,000. Institutional investors and hedge funds 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.