1607 Capital Partners LLC Has $16.20 Million Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

1607 Capital Partners LLC reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 41.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 168,466 shares of the exchange traded fund’s stock after selling 120,195 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 1.1% of 1607 Capital Partners LLC’s portfolio, making the stock its 18th largest holding. 1607 Capital Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $16,200,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bison Wealth LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% during the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after acquiring an additional 113,663 shares during the last quarter. StoneX Group Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $213,000. The Manufacturers Life Insurance Company grew its holdings in iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after purchasing an additional 616,905 shares during the period. Ausdal Financial Partners Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 7.5% during the second quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 329 shares during the period. Finally, Camarda Financial Advisors LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 7.7% during the second quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock valued at $1,221,000 after purchasing an additional 913 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5%

Shares of NASDAQ IEF opened at $94.02 on Thursday. The stock has a fifty day simple moving average of $94.60 and a two-hundred day simple moving average of $95.66. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.94 and a 1-year high of $98.04. The firm has a market cap of $47.96 billion, a price-to-earnings 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 was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.3172 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.