Phillips Wealth Planners LLC Has $403,000 Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Phillips Wealth Planners LLC cut its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,311 shares of the exchange traded fund’s stock after selling 119 shares during the period. Phillips Wealth Planners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IEF. First Horizon Advisors Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 3,410.5% during the 4th quarter. First Horizon Advisors Inc. now owns 667 shares of the exchange traded fund’s stock valued at $62,000 after purchasing an additional 648 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $92,000. BankPlus Trust Department bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Bank of New York Mellon Corp increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 19.7% in the 4th quarter. Bank of New York Mellon Corp now owns 195,882 shares of the exchange traded fund’s stock valued at $18,109,000 after acquiring an additional 32,248 shares during the last quarter. Finally, FFT Wealth Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 67.8% in the 4th quarter. FFT Wealth Management LLC now owns 13,207 shares of the exchange traded fund’s stock valued at $1,221,000 after acquiring an additional 5,335 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $95.30 on Thursday. The stock has a market cap of $34.50 billion, a PE ratio of -22.00 and a beta of 0.05. The stock has a 50-day moving average of $94.37 and a 200-day moving average of $93.90. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were paid a $0.3101 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.91%.

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.