iShares 7-10 Year Treasury Bond ETF $IEF Stock Position Reduced by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 164,895 shares of the exchange traded fund’s stock after selling 9,159 shares during the quarter. Ritholtz Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $15,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at $28,000. Asset Dedication LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $29,000. Finally, Capital Investment Counsel Inc purchased a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $94.73 on Thursday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04. The stock’s 50-day moving average is $94.49 and its two-hundred day moving average is $95.56. The firm has a market cap of $48.32 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3172 dividend. This represents a c) annualized dividend 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.

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.