iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,439 shares of the exchange traded fund’s stock after selling 23,337 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,595,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Windsor Advisory Group LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth $27,000. Compass Financial Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $29,000. Strive Financial Group LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 483.0% during the second quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 256 shares during the period. Navigoe LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $33,000. Finally, Cape Investment Advisory Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $34,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $90.25 on Wednesday. The stock’s fifty day simple moving average is $91.19 and its 200 day simple moving average is $93.16. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04. The firm has a market cap of $41.52 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3069 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 annualized dividend and a dividend yield of 4.1%.

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.