iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Hits New 1-Year Low – Time to Sell?

Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) reached a new 52-week low during trading on Tuesday . The stock traded as low as $93.01 and last traded at $93.02, with a volume of 1434111 shares traded. The stock had previously closed at $93.47.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.4%

The company has a market cap of $47.51 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s 50 day moving average price is $95.26 and its 200 day moving average price is $96.09.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.3125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, May 1st.

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

A number of large investors have recently made changes to their positions in IEF. Elevated Capital Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $25,000. Grey Fox Wealth Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $27,000. Windsor Advisory Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at about $27,000. IFC & Insurance Marketing Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $28,000. Finally, Asset Dedication LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $29,000. Hedge funds and other 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.