iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. lessened its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.3% during the 2nd quarter, Holdings Channel reports. The firm owned 23,933 shares of the exchange traded fund’s stock after selling 1,071 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 1.3% of Fortitude Advisory Group L.L.C.’s holdings, making the stock its 16th biggest position. Fortitude Advisory Group L.L.C.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,292,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Simplicity Wealth LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 63.7% during the second quarter. Simplicity Wealth LLC now owns 49,653 shares of the exchange traded fund’s stock worth $4,755,000 after purchasing an additional 19,318 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $251,000. Wealthcare Advisory Partners LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 636,093 shares of the exchange traded fund’s stock worth $60,919,000 after purchasing an additional 17,915 shares in the last quarter. MGO Private Wealth LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 9.0% during the second quarter. MGO Private Wealth LLC now owns 62,239 shares of the exchange traded fund’s stock worth $5,961,000 after purchasing an additional 5,130 shares in the last quarter. Finally, Bank Hapoalim BM lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 73.2% during the second quarter. Bank Hapoalim BM now owns 7,475 shares of the exchange traded fund’s stock worth $716,000 after purchasing an additional 3,160 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $96.40 on Friday. The stock has a market capitalization of $38.50 billion, a PE ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $97.51. The company’s 50-day simple moving average is $96.05 and its 200-day simple moving average is $95.09.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.2945 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, October 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.