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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $92.83 and last traded at $92.83, with a volume of 38118 shares trading hands. The stock had previously closed at $93.10.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3%

The firm has a market cap of $47.00 billion, a PE ratio of -22.00 and a beta of 0.26. The stock’s fifty day simple moving average is $94.00 and its two-hundred day simple moving average is $95.22.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEF. Bison Wealth LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% in the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after purchasing an additional 113,663 shares during the last quarter. StoneX Group Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $213,000. The Manufacturers Life Insurance Company grew its position in iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after purchasing an additional 616,905 shares during the last quarter. Ausdal Financial Partners Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 7.5% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 329 shares in the last quarter. Finally, Camarda Financial Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 7.7% in the second quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock worth $1,221,000 after buying an additional 913 shares during the last quarter. Institutional investors 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.