Great Valley Advisor Group Inc. Lowers Position in iShares 7-10 Year Treasury Bond ETF $IEF

Great Valley Advisor Group Inc. lessened its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 18.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132,182 shares of the exchange traded fund’s stock after selling 29,891 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEF. Fisher Asset Management LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 53.8% in the 4th quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock valued at $12,965,539,000 after purchasing an additional 47,170,533 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.1% in the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock valued at $3,287,698,000 after purchasing an additional 7,506,518 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock valued at $1,443,272,000 after purchasing an additional 3,291,267 shares during the period. Armstrong Advisory Group Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2,754.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 707,015 shares of the exchange traded fund’s stock valued at $67,987,000 after purchasing an additional 682,247 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd 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. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.7%

IEF opened at $94.34 on Friday. The stock has a market cap of $48.12 billion, a PE ratio of -22.00 and a beta of 0.26. The business has a 50 day moving average of $94.67 and a 200-day moving average of $95.75. 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 company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.3172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, June 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.