iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Share Price Cross Below 50 Day Moving Average – Here’s Why

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s stock price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $90.61 and traded as low as $90.21. iShares 7-10 Year Treasury Bond ETF shares last traded at $90.21, with a volume of 7,727,709 shares trading hands.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.8%

The stock’s fifty day moving average is $90.61 and its two-hundred day moving average is $93.67. The firm has a market cap of $43.71 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a dividend of $0.3115 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. The ex-dividend date was Monday, November 2nd. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.1%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IEF. Windsor Advisory Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at about $27,000. Strive Financial Group LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 483.0% during the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 256 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $29,000. West Branch Capital LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 63.3% during the 3rd quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 133 shares during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $34,000. 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.