iShares 7-10 Year Treasury Bond ETF $IEF Stock Position Lessened by Pacific Wealth Management

Pacific Wealth Management cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 35.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,981 shares of the exchange traded fund’s stock after selling 56,930 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 7.3% of Pacific Wealth Management’s investment portfolio, making the stock its 5th largest holding. Pacific Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IEF. JPMorgan Chase & Co. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 28.1% in the fourth quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock worth $3,287,698,000 after purchasing an additional 7,506,518 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after buying an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock worth $1,454,685,000 after buying an additional 630,060 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.8% in the first quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock worth $618,065,000 after acquiring an additional 354,797 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% in the fourth quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock worth $555,901,000 after acquiring an additional 666,409 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock traded down $0.13 during mid-day trading on Monday, reaching $88.92. 11,068,846 shares of the stock traded hands, compared to its average volume of 8,766,093. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.64 and a 12-month high of $98.04. The business’s 50-day moving average is $92.02 and its 200-day moving average is $93.63. The stock has a market capitalization of $41.37 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.3069 per share. This represents a $3.68 annualized dividend and a yield of 4.1%. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date is Thursday, October 1st.

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.