Bank Julius Baer & Co. Ltd Zurich Sells 197,711 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,461,660 shares of the exchange traded fund’s stock after selling 197,711 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Richards Merrill & Peterson Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $48,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $52,000. Western Pacific Wealth Management LP bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $54,000. Cedar Wealth Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $57,000. Finally, Harbor Capital Advisors Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 141.4% in the second quarter. Harbor Capital Advisors Inc. now owns 700 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 410 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $97.19 on Monday. The business’s fifty day moving average is $96.82 and its 200 day moving average is $95.58. The firm has a market cap of $40.54 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a dividend of $0.3038 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, November 3rd.

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.