iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Flagstar Advisors Inc.

Flagstar Advisors Inc. cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 71.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,813 shares of the exchange traded fund’s stock after selling 24,994 shares during the period. Flagstar Advisors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in IEF. Grey Fox Wealth Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $27,000. Balentine LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $29,000. Asset Dedication LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new stake in 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 worth $30,000 after acquiring an additional 222 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.8%

NASDAQ IEF opened at $94.59 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.79 and a 52 week high of $98.04. The business’s fifty day simple moving average is $96.25 and its 200-day simple moving average is $96.55. The firm has a market cap of $46.20 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.2828 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.