Fisher Asset Management LLC Sells 34,753,575 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Fisher Asset Management LLC reduced its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 21.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,210,578 shares of the exchange traded fund’s stock after selling 34,753,575 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 3.3% of Fisher Asset Management LLC’s holdings, making the stock its 5th largest holding. Fisher Asset Management LLC owned about 26.59% of iShares 7-10 Year Treasury Bond ETF worth $11,271,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. IMC Chicago LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 58.2% during the 2nd quarter. IMC Chicago LLC now owns 55,388 shares of the exchange traded fund’s stock valued at $5,238,000 after purchasing an additional 20,379 shares in the last quarter. Centerline Wealth Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $2,636,000. Silverleafe Capital Partners LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $15,876,000. Risk Paradigm Group LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 8.9% in the second quarter. Risk Paradigm Group LLC now owns 79,693 shares of the exchange traded fund’s stock valued at $7,537,000 after acquiring an additional 6,484 shares during the last quarter. Finally, DUTCH ASSET Corp bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $1,360,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $90.21 on Friday. The firm has a market cap of $43.71 billion, a P/E ratio of -22.00 and a beta of 0.26. The business has a 50-day moving average of $90.61 and a 200 day moving average of $93.67. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.3115 per share. This represents a $3.74 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069.

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.