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 trading on Tuesday . The stock traded as low as $93.01 and last traded at $93.02, with a volume of 1434111 shares trading hands. The stock had previously closed at $93.47.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The firm has a market cap of $47.82 billion, a PE ratio of -22.00 and a beta of 0.26. The firm’s 50-day moving average price is $95.13 and its two-hundred day moving average price is $96.05.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

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

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

Several large investors have recently bought and sold shares of the stock. Bison Wealth LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 115.6% during the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after buying an additional 113,663 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $213,000. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after acquiring an additional 616,905 shares during the period. Ausdal Financial Partners Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 7.5% during the second quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock worth $450,000 after acquiring an additional 329 shares during the last quarter. Finally, Camarda Financial Advisors LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 7.7% during the second quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock worth $1,221,000 after acquiring an additional 913 shares during the last quarter. Institutional investors and hedge funds 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.