iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Share Price Cross Below Two Hundred Day Moving Average – Time to Sell?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

iShares 7-10 Year Treasury Bond ETF Price Performance

The firm’s 50 day moving average price is $93.77 and its 200 day moving average price is $95.41. The stock has a market capitalization of $32.86 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 disclosed 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. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Wednesday, December 18th.

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

Several hedge funds have recently made changes to their positions in IEF. Bank of New York Mellon Corp raised its stake in iShares 7-10 Year Treasury Bond ETF by 24.0% during the second quarter. Bank of New York Mellon Corp now owns 169,309 shares of the exchange traded fund’s stock valued at $15,856,000 after buying an additional 32,749 shares during the last quarter. Aptus Capital Advisors LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 6.0% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,585 shares of the exchange traded fund’s stock worth $242,000 after purchasing an additional 147 shares in the last quarter. Fiera Capital Corp grew its position in iShares 7-10 Year Treasury Bond ETF by 2.1% during the 2nd quarter. Fiera Capital Corp now owns 5,285 shares of the exchange traded fund’s stock valued at $495,000 after purchasing an additional 107 shares during the last quarter. Wolverine Asset Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 55.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,400 shares of the exchange traded fund’s stock valued at $131,000 after purchasing an additional 500 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 312.1% in the second quarter. Foundations Investment Advisors LLC now owns 25,632 shares of the exchange traded fund’s stock worth $2,400,000 after buying an additional 19,412 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

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.