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)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $92.04 and last traded at $92.1350, with a volume of 2558788 shares trading hands. The stock had previously closed at $92.25.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1%

The company has a market cap of $46.76 billion, a PE ratio of -22.00 and a beta of 0.26. The business has a 50-day simple moving average of $93.22 and a 200-day simple moving average of $94.47.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Windsor Advisory Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $27,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $28,000. Strive Financial Group LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 483.0% during 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 during the last quarter. Compass Financial Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $29,000. Hedge funds and other 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.