iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Reaches New 1-Year High at $98.85

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) reached a new 52-week high on Friday . The company traded as high as $98.85 and last traded at $98.68, with a volume of 4688346 shares. The stock had previously closed at $98.22.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

The company has a market cap of $30.66 billion, a PE ratio of -21.67 and a beta of 0.05. The business has a 50-day simple moving average of $95.85 and a 200-day simple moving average of $94.21.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.2882 per share. The ex-dividend date of this dividend is Tuesday, September 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerity Partners OCIO LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $225,675,000. Baird Financial Group Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 1,494.7% in the 4th quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after purchasing an additional 1,614,158 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock valued at $1,060,398,000 after purchasing an additional 1,082,837 shares in the last quarter. GLOBALT Investments LLC GA acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $92,585,000. Finally, Janney Montgomery Scott LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 111.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,374,256 shares of the exchange traded fund’s stock worth $132,465,000 after buying an additional 723,830 shares in the last quarter. 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.