Spreng Capital Management Inc. Reduces Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Spreng Capital Management Inc. lowered its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,393 shares of the exchange traded fund’s stock after selling 1,386 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 0.8% of Spreng Capital Management Inc.’s holdings, making the stock its 22nd largest position. Spreng Capital Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,793,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 333,731.3% in the 4th quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after purchasing an additional 15,621,963 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $725,489,000. JPMorgan Chase & Co. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 37.5% during the third quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock worth $2,724,153,000 after purchasing an additional 7,579,169 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 18.2% during the fourth quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after purchasing an additional 7,566,487 shares during the period. Finally, Ausdal Financial Partners Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 3,365.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 640,710 shares of the exchange traded fund’s stock worth $59,234,000 after buying an additional 622,224 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5 %

Shares of IEF opened at $94.93 on Wednesday. The firm has a market cap of $35.07 billion, a price-to-earnings ratio of -22.63 and a beta of 0.05. The stock has a 50 day moving average of $94.30 and a 200-day moving average of $94.24. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.3037 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.64 annualized dividend and a dividend yield of 3.84%.

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.