iShares 7-10 Year Treasury Bond ETF $IEF Position Reduced by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 16.1% in the third quarter, HoldingsChannel.com reports. The firm owned 63,723 shares of the exchange traded fund’s stock after selling 12,264 shares during the period. Exchange Traded Concepts LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,147,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the second quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock valued at $5,521,226,000 after buying an additional 2,686,141 shares during the period. Jones Financial Companies Lllp raised its position in iShares 7-10 Year Treasury Bond ETF by 4,057.3% in the first quarter. Jones Financial Companies Lllp now owns 1,899,503 shares of the exchange traded fund’s stock worth $181,156,000 after acquiring an additional 1,853,812 shares in the last quarter. Peavine Capital LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $160,837,000. The Manufacturers Life Insurance Company lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after acquiring an additional 616,905 shares during the last quarter. Finally, Summit Financial Consulting LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 9,052.5% during the 2nd quarter. Summit Financial Consulting LLC now owns 554,550 shares of the exchange traded fund’s stock valued at $53,109,000 after purchasing an additional 548,491 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $96.10 on Wednesday. The firm’s 50 day moving average is $96.86 and its 200-day moving average is $96.01. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $97.77. The stock has a market capitalization of $40.08 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th will be issued a $0.3127 dividend. This is an increase 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 3.9%. The ex-dividend date of this dividend is Friday, December 19th.

iShares 7-10 Year Treasury Bond ETF 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.