FLP Wealth Management LLC Sells 15,452 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

FLP Wealth Management LLC cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 89.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,833 shares of the exchange traded fund’s stock after selling 15,452 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up 0.2% of FLP Wealth Management LLC’s portfolio, making the stock its 29th largest position. FLP Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $177,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Ballew Advisors Inc grew its holdings in iShares 7-10 Year Treasury Bond ETF by 6.6% during the 3rd quarter. Ballew Advisors Inc now owns 51,332 shares of the exchange traded fund’s stock worth $4,990,000 after acquiring an additional 3,187 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 32.6% during the third quarter. Harbor Capital Advisors Inc. now owns 928 shares of the exchange traded fund’s stock worth $90,000 after purchasing an additional 228 shares in the last quarter. Brookstone Capital Management lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.1% during the third quarter. Brookstone Capital Management now owns 95,996 shares of the exchange traded fund’s stock worth $9,260,000 after purchasing an additional 1,015 shares in the last quarter. Private Trust Co. NA grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 49.2% during the third quarter. Private Trust Co. NA now owns 6,054 shares of the exchange traded fund’s stock valued at $584,000 after purchasing an additional 1,996 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $287,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $96.28 on Thursday. The company has a 50 day moving average price of $96.84 and a 200 day moving average price of $96.02. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.08 and a fifty-two week high of $97.77. The stock has a market capitalization of $40.16 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.3127 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.9%.

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. 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.