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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 Performance

The stock has a market cap of $32.77 billion, a P/E ratio of -21.67 and a beta of 0.05. The firm has a 50 day simple moving average of $94.21 and a two-hundred day simple moving average 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. Investors of record on Wednesday, December 18th were issued a $0.3075 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 annualized dividend and a 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEF. Fiera Capital Corp raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% in the 2nd quarter. Fiera Capital Corp now owns 5,285 shares of the exchange traded fund’s stock worth $495,000 after purchasing an additional 107 shares in the last quarter. PSI Advisors LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 20.0% in the third quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 109 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% in the second quarter. Crestwood Advisors Group LLC now owns 6,079 shares of the exchange traded fund’s stock valued at $569,000 after buying an additional 133 shares in the last quarter. J. W. Coons Advisors LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.0% during the 3rd quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock valued at $1,299,000 after acquiring an additional 135 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the 3rd quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after acquiring an additional 144 shares in the last quarter. 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.