Pineridge Advisors LLC Decreases Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Pineridge Advisors LLC lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 65.1% in the second quarter, HoldingsChannel.com reports. The firm owned 1,577 shares of the exchange traded fund’s stock after selling 2,940 shares during the quarter. Pineridge Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $151,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $48,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at approximately $52,000. Western Pacific Wealth Management LP purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $54,000. Cedar Wealth Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $57,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 141.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 700 shares of the exchange traded fund’s stock worth $67,000 after acquiring an additional 410 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 Stock Performance

Shares of IEF stock opened at $96.71 on Wednesday. The stock has a fifty day moving average price of $96.83 and a 200 day moving average price of $95.54. The stock has a market cap of $40.34 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.3038 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Monday, November 3rd. This represents a c) annualized dividend and a yield of 3.8%.

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.