iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Cross Below 50 Day Moving Average – Should You Sell?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $90.95 and traded as low as $90.74. iShares 7-10 Year Treasury Bond ETF shares last traded at $90.85, with a volume of 10,809,491 shares.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.6%

The stock’s 50-day moving average price is $90.88 and its 200-day moving average price is $93.88. The company has a market capitalization of $43.69 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.3069 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.68 annualized dividend and a yield of 4.0%. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

Institutional investors have recently bought and sold shares of the business. Focused Wealth Management Inc raised its position in iShares 7-10 Year Treasury Bond ETF by 4.6% during the third quarter. Focused Wealth Management Inc now owns 45,314 shares of the exchange traded fund’s stock valued at $4,047,000 after purchasing an additional 2,009 shares in the last quarter. AIA Group Ltd lifted its stake in iShares 7-10 Year Treasury Bond ETF by 110.5% during the third quarter. AIA Group Ltd now owns 2,842,849 shares of the exchange traded fund’s stock worth $253,895,000 after purchasing an additional 1,492,322 shares during the last quarter. Provenance Wealth Advisors LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 81,288.9% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 7,325 shares of the exchange traded fund’s stock valued at $654,000 after purchasing an additional 7,316 shares in the last quarter. One Day In July LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.2% in the 3rd quarter. One Day In July LLC now owns 153,706 shares of the exchange traded fund’s stock valued at $13,727,000 after purchasing an additional 15,467 shares in the last quarter. Finally, Associated Banc Corp acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $451,000. 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.