Foundations Investment Advisors LLC Reduces Position in iShares 7-10 Year Treasury Bond ETF $IEF

Foundations Investment Advisors LLC trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 52.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,678 shares of the exchange traded fund’s stock after selling 90,595 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,879,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IEF. Grey Fox Wealth Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $27,000. Silicon Valley Capital Partners acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $37,000. WFA of San Diego LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $40,000. Finally, Richards Merrill & Peterson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $48,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1%

Shares of IEF opened at $96.00 on Friday. The company has a market capitalization of $45.94 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 $92.08 and a 52-week high of $97.77. The stock has a 50 day moving average price of $96.42 and a 200 day moving average price of $96.27.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.