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 stock price reached a new 52-week low on Tuesday. The company traded as low as $89.29 and last traded at $89.53, with a volume of 11366011 shares. The stock had previously closed at $90.00.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2%

The company has a market capitalization of $41.04 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The business’s 50-day moving average is $92.17 and its 200-day moving average is $93.72.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.3320 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3175. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.98 annualized dividend and a dividend yield of 4.5%.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in 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 valued at $3,287,698,000 after acquiring an additional 7,506,518 shares during the period. Bank of America Corp DE grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after purchasing an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after purchasing an additional 630,060 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.8% during the 1st quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock valued at $618,065,000 after purchasing an additional 354,797 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% in the 4th quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock valued at $555,901,000 after purchasing an additional 666,409 shares during the period. 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.