iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Hits New 12-Month Low – Here’s What Happened

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $92.68 and last traded at $92.70, with a volume of 227470 shares. The stock had previously closed at $92.85.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The firm’s 50-day moving average is $93.43 and its 200 day moving average is $94.61. The stock has a market cap of $46.73 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be issued a $0.332 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 39.2% during the 2nd quarter. HighTower Advisors LLC now owns 743,484 shares of the exchange traded fund’s stock valued at $70,311,000 after acquiring an additional 209,189 shares during the period. Hyundai Investments Co. Ltd. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 86.9% in the 2nd quarter. Hyundai Investments Co. Ltd. now owns 6,471 shares of the exchange traded fund’s stock worth $615,000 after acquiring an additional 3,008 shares during the period. DMC Group LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.8% in the 2nd quarter. DMC Group LLC now owns 21,025 shares of the exchange traded fund’s stock worth $1,988,000 after acquiring an additional 2,052 shares during the period. Kintra Wealth LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $211,000. Finally, Aspire Capital Advisors LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 8.2% in the 2nd quarter. Aspire Capital Advisors LLC now owns 65,724 shares of the exchange traded fund’s stock valued at $6,216,000 after purchasing an additional 4,975 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

About iShares 7-10 Year Treasury Bond ETF

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.