iShares 7-10 Year Treasury Bond ETF $IEF Stake Lowered by HighTower Advisors LLC

HighTower Advisors LLC cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 16.6% during the fourth quarter, HoldingsChannel reports. The fund owned 301,057 shares of the exchange traded fund’s stock after selling 59,926 shares during the quarter. HighTower Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $28,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 12.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 233,506 shares of the exchange traded fund’s stock valued at $22,454,000 after purchasing an additional 25,463 shares in the last quarter. Spectrum Strategic Capital Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 31.7% during the 4th quarter. Spectrum Strategic Capital Management LLC now owns 38,129 shares of the exchange traded fund’s stock worth $3,666,000 after purchasing an additional 9,182 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.0% during the 4th quarter. TD Private Client Wealth LLC now owns 137,240 shares of the exchange traded fund’s stock worth $13,197,000 after purchasing an additional 2,734 shares in the last quarter. First Citizens Asset Management Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 24.9% during the 4th quarter. First Citizens Asset Management Inc. now owns 7,148 shares of the exchange traded fund’s stock valued at $687,000 after buying an additional 1,426 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 58.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 755,587 shares of the exchange traded fund’s stock valued at $72,657,000 after buying an additional 279,299 shares during 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 Performance

Shares of NASDAQ IEF opened at $93.88 on Friday. The business has a 50 day simple moving average of $95.03 and a 200 day simple moving average of $96.01. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04. The stock has a market cap of $47.89 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.3125 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a 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.