iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sets New 52-Week Low – Here’s What Happened

by · The Markets Daily

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

iShares 7-10 Year Treasury Bond ETF Stock Down 0.6%

The company has a 50 day moving average of $92.48 and a two-hundred day moving average of $93.91. The firm has a market cap of $41.55 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.3320 dividend. This represents a $3.98 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3175.

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

Several hedge funds have recently made changes to their positions in IEF. JPMorgan Chase & Co. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 28.1% during 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 purchasing an additional 7,506,518 shares during the last quarter. Bank of America Corp DE grew its position in iShares 7-10 Year Treasury Bond ETF by 69.8% in the first 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 buying an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the second 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 buying 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% in the first quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock valued at $618,065,000 after buying an additional 354,797 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% during 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 acquiring an additional 666,409 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

About iShares 7-10 Year Treasury Bond ETF

(Get Free Report)

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.

Further Reading