Central Pacific Bank Trust Division Has $2.49 Million Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Central Pacific Bank Trust Division reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 26.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,880 shares of the exchange traded fund’s stock after selling 9,475 shares during the quarter. Central Pacific Bank Trust Division’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $27,000. Balentine LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Asset Dedication LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.9%

Shares of IEF opened at $94.88 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.79 and a 12-month high of $98.04. The firm has a market capitalization of $46.34 billion, a PE ratio of -22.00 and a beta of 0.26. The stock’s fifty day simple moving average is $96.36 and its 200-day simple moving average is $96.58.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.2828 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.