Great Valley Advisor Group Inc. Sells 29,891 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Great Valley Advisor Group Inc. lessened its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 18.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 132,182 shares of the exchange traded fund’s stock after selling 29,891 shares during the period. 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 SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $25,000. Asset Dedication LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $29,000. Balentine LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $31,000. Institutional investors own 81.48% of the company’s stock.

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

IEF stock opened at $94.34 on Friday. The firm 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 twelve month low of $92.94 and a twelve month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.