iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Share Price Pass Below 200 Day Moving Average – Here’s Why

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $95.41 and traded as low as $92.31. iShares 7-10 Year Treasury Bond ETF shares last traded at $92.50, with a volume of 5,034,747 shares trading hands.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The firm has a 50 day moving average price of $93.72 and a two-hundred day moving average price of $95.40. The company has a market cap of $31.37 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.3075 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 annualized dividend and a dividend yield of 4.00%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $1,016,000. CWM LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% in the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after acquiring an additional 70,696 shares in the last quarter. Lake Hills Wealth Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% during the 3rd quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock valued at $6,753,000 after acquiring an additional 14,906 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock valued at $1,913,000 after acquiring an additional 7,508 shares during the last quarter. Finally, Stablepoint Partners LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 34.3% during the third quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock worth $2,275,000 after purchasing an additional 5,916 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.

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.