Meeder Asset Management Inc. Sells 455,682 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Meeder Asset Management Inc. trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 69.9% during the 1st quarter, Holdings Channel reports. The fund owned 196,525 shares of the exchange traded fund’s stock after selling 455,682 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 1.1% of Meeder Asset Management Inc.’s portfolio, making the stock its 19th largest position. Meeder Asset Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,756,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $29,000. Capital Investment Counsel Inc bought a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $31,000. Finally, McIlrath & Eck LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 882.4% during the fourth quarter. McIlrath & Eck LLC now owns 334 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 300 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 Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $93.84 on Monday. The firm has a market cap of $47.29 billion, a P/E ratio of -22.00 and a beta of 0.26. The business has a fifty day moving average of $94.07 and a two-hundred day moving average of $95.29. 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 Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares 7-10 Year Treasury Bond ETF Company 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.