iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Stock Price Pass Below 200 Day Moving Average – What’s Next?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $95.50 and traded as low as $91.97. iShares 7-10 Year Treasury Bond ETF shares last traded at $92.25, with a volume of 3,076,139 shares changing hands.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1 %

The company has a market capitalization of $32.77 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The firm has a 50 day moving average price of $94.21 and a two-hundred day moving average price of $95.50.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of IEF. Bank of New York Mellon Corp lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 24.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 169,309 shares of the exchange traded fund’s stock worth $15,856,000 after buying an additional 32,749 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at approximately $1,823,000. Arkadios Wealth Advisors raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 350.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 10,895 shares of the exchange traded fund’s stock worth $1,020,000 after purchasing an additional 8,477 shares during the period. Innealta Capital LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $28,000. Finally, Stephens Consulting LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 11,414.3% during the 2nd quarter. Stephens Consulting LLC now owns 806 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 799 shares during the period. Institutional investors and hedge funds 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.