iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Reaches New 1-Year Low – Here’s What Happened

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $90.55 and last traded at $90.5060, with a volume of 1996758 shares changing hands. The stock had previously closed at $91.16.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.9%

The stock has a market cap of $41.65 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm’s 50-day moving average is $92.63 and its two-hundred day moving average is $94.00.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.332 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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

Several hedge funds have recently bought and sold shares of the business. Windsor Advisory Group LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter valued at about $27,000. Strive Financial Group LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 483.0% during the second quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 256 shares during the period. Compass Financial Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $29,000. Navigoe LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth about $33,000. Finally, Cape Investment Advisory Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $34,000. 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.