Envestnet Portfolio Solutions Inc. Reduces Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Envestnet Portfolio Solutions Inc. cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 208,043 shares of the exchange traded fund’s stock after selling 13,876 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $20,068,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Grey Fox Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $27,000. Silicon Valley Capital Partners purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $37,000. WFA of San Diego LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $40,000. Finally, Richards Merrill & Peterson Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $95.79 on Friday. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.08 and a one year high of $97.77. The firm has a market cap of $45.88 billion, a PE ratio of -22.00 and a beta of 0.26. The firm’s 50 day moving average price is $96.48 and its 200-day moving average price is $96.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.3127 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.9%.

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. 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.