iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Stock 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 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.

iShares 7-10 Year Treasury Bond ETF Price Performance

The stock has a market cap of $32.86 billion, a PE ratio of -21.67 and a beta of 0.05. The company has a 50 day moving average price of $93.77 and a two-hundred day moving average price of $95.41.

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 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. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

Hedge funds have recently bought and sold shares of the company. Fiera Capital Corp boosted its stake in shares of 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 worth $495,000 after acquiring an additional 107 shares during the last quarter. PSI Advisors LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 20.0% during the 3rd quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 109 shares in the last quarter. J. W. Coons Advisors LLC grew its stake 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 period. Drive Wealth Management LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 3.0% in 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. Finally, SignalPoint Asset Management LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 0.9% during the 3rd quarter. SignalPoint Asset Management LLC now owns 15,562 shares of the exchange traded fund’s stock worth $1,531,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors 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.