Andina Capital Management LLC Lowers Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Andina Capital Management LLC lessened its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 56.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,954 shares of the exchange traded fund’s stock after selling 7,628 shares during the quarter. Andina Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $568,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arkos Global Advisors increased its position in iShares 7-10 Year Treasury Bond ETF by 4.0% during the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock valued at $54,855,000 after buying an additional 21,893 shares in the last quarter. Center For Asset Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $954,000. ABLE Financial Group LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 30.7% during the fourth quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock worth $2,150,000 after acquiring an additional 5,255 shares during the last quarter. TIAA Trust National Association grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 18.2% during the third quarter. TIAA Trust National Association now owns 184,173 shares of the exchange traded fund’s stock worth $17,765,000 after acquiring an additional 28,301 shares during the last quarter. Finally, Acropolis Investment Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 121.3% during the fourth quarter. Acropolis Investment Management LLC now owns 71,174 shares of the exchange traded fund’s stock valued at $6,844,000 after acquiring an additional 39,014 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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

IEF opened at $94.12 on Wednesday. The company has a market cap of $48.01 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm’s 50-day moving average price is $94.51 and its 200-day moving average price is $95.58. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.94 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, June 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.