iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Hits New 12-Month High – Still a Buy?

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $97.85 and last traded at $97.9050, with a volume of 48991 shares changing hands. The stock had previously closed at $97.60.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.4%

The firm has a 50 day moving average price of $96.39 and a 200 day moving average price of $96.54. The stock has a market cap of $47.86 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.312 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.8%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bison Wealth LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% in the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after acquiring an additional 113,663 shares in the last quarter. Wealthfront Advisers LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 39.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 7,689 shares of the exchange traded fund’s stock valued at $736,000 after purchasing an additional 2,176 shares during the period. Arkadios Wealth Advisors lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 31.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 13,640 shares of the exchange traded fund’s stock worth $1,306,000 after purchasing an additional 3,277 shares in the last quarter. Keybank National Association OH lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 0.8% in the 2nd quarter. Keybank National Association OH now owns 36,219 shares of the exchange traded fund’s stock worth $3,469,000 after purchasing an additional 295 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 4.0% in the 2nd quarter. Pinnacle Associates Ltd. now owns 114,722 shares of the exchange traded fund’s stock worth $10,987,000 after purchasing an additional 4,374 shares during the period. Hedge funds and other 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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.