Avalon Capital Management Has $2.69 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Avalon Capital Management trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 70.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 27,994 shares of the exchange traded fund’s stock after selling 65,443 shares during the quarter. Avalon Capital Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,692,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IEF. Elevated Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $25,000. Asset Dedication LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $29,000. Balentine LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Finally, Cornerstone Planning Group LLC lifted its position in 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 acquiring an additional 222 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3%

IEF stock opened at $94.00 on Thursday. The stock has a 50-day moving average price of $94.81 and a two-hundred day moving average price of $95.87. The stock has a market cap of $47.95 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.94 and a 1 year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, June 1st will be given a dividend of $0.3172 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st.

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.