Tennessee Valley Asset Management Partners Cuts Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Tennessee Valley Asset Management Partners decreased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,794 shares of the exchange traded fund’s stock after selling 3,520 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 1.0% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 18th biggest holding. Tennessee Valley Asset Management Partners’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,083,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IEF. Fisher Asset Management LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 104.5% during the 3rd quarter. Fisher Asset Management LLC now owns 41,653,513 shares of the exchange traded fund’s stock valued at $4,087,043,000 after buying an additional 21,282,662 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 37.5% in 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 acquiring an additional 7,579,169 shares during the period. Bank of Montreal Can lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 233.7% in the third quarter. Bank of Montreal Can now owns 7,700,921 shares of the exchange traded fund’s stock valued at $757,694,000 after acquiring an additional 5,393,398 shares during the period. Captrust Financial Advisors lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 23.2% in the third quarter. Captrust Financial Advisors now owns 8,563,295 shares of the exchange traded fund’s stock valued at $840,232,000 after acquiring an additional 1,612,274 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 607.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,146,717 shares of the exchange traded fund’s stock worth $112,353,000 after purchasing an additional 984,731 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

NASDAQ IEF opened at $92.47 on Monday. The company has a 50-day moving average price of $93.17 and a 200-day moving average price of $95.22. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The firm has a market capitalization of $31.56 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Wednesday, December 18th.

iShares 7-10 Year Treasury Bond ETF Company 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.