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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares hit a new 52-week low during trading on Friday . The stock traded as low as $92.76 and last traded at $92.79, with a volume of 4386124 shares trading hands. The stock had previously closed at $93.21.

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

The business has a 50-day moving average of $93.93 and a 200 day moving average of $95.08. The firm has a market capitalization of $47.18 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On iShares 7-10 Year Treasury Bond ETF

Institutional investors have recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $25,000. Windsor Advisory Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter worth $27,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $29,000. Finally, Capital Investment Counsel Inc bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $31,000. 81.48% of the stock is owned by institutional investors and hedge funds.

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.