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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s stock 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 traded.

iShares 7-10 Year Treasury Bond ETF Price Performance

The stock has a 50 day moving average of $93.72 and a 200 day moving average of $95.40. The firm 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 company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.3075 per share. The ex-dividend date was Wednesday, December 18th. 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 dividend yield of 4.00%.

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

A number of hedge funds have recently made changes to their positions in IEF. Ballentine Partners LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $1,016,000. CWM LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after buying an additional 70,696 shares during the period. Lake Hills Wealth Management LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% in 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 holdings in 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 period. Finally, Stablepoint Partners LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 34.3% during the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock worth $2,275,000 after acquiring an additional 5,916 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.