First Interstate Bank Has $5.12 Million Stake in iShares 7-10 Year Treasury Bond ETF $IEF

First Interstate Bank trimmed its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 18.5% in the first quarter, Holdings Channel reports. The fund owned 53,680 shares of the exchange traded fund’s stock after selling 12,165 shares during the quarter. First Interstate Bank’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Elevated Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $28,000. Asset Dedication LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $31,000. 81.48% of the stock is owned by institutional investors and hedge funds.

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

Shares of NASDAQ IEF opened at $93.51 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The company has a market cap of $46.76 billion, a P/E ratio of -22.00 and a beta of 0.26. The business’s 50 day moving average is $94.24 and its two-hundred day moving average is $95.42.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.3111 dividend. The ex-dividend date was Wednesday, July 1st.

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.