Verdence Capital Advisors LLC Decreases Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Verdence Capital Advisors LLC lessened its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,151 shares of the exchange traded fund’s stock after selling 451 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock valued at $1,212,164,000 after buying an additional 610,635 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock valued at $1,060,398,000 after purchasing an additional 1,082,837 shares during the last quarter. Raymond James & Associates boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3.8% in the 3rd quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock worth $646,346,000 after purchasing an additional 240,449 shares in the last quarter. Captrust Financial Advisors grew its position in iShares 7-10 Year Treasury Bond ETF by 11.8% during the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock worth $595,656,000 after purchasing an additional 662,293 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 3.5% during the 3rd quarter. Blue Trust Inc. now owns 5,000,349 shares of the exchange traded fund’s stock valued at $468,283,000 after purchasing an additional 168,097 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.6 %

NASDAQ:IEF opened at $93.35 on Wednesday. The company has a market capitalization of $33.16 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $90.68 and a 12 month high of $99.18. The firm has a fifty day simple moving average of $96.51 and a 200-day simple moving average of $95.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.2916 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a yield of 3.75%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.