iShares 7-10 Year Treasury Bond ETF $IEF Stake Lowered by Stableford Capital II LLC

Stableford Capital II LLC reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 18.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 83,156 shares of the exchange traded fund’s stock after selling 19,238 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for 2.9% of Stableford Capital II LLC’s portfolio, making the stock its 6th biggest position. Stableford Capital II LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,996,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $27,000. Balentine LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $29,000. Asset Dedication LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 249.4% during the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.8%

Shares of IEF stock opened at $94.59 on Friday. The firm has a market cap of $46.20 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s 50 day moving average is $96.25 and its 200 day moving average is $96.55. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.79 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.2828 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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. 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.