iShares 7-10 Year Treasury Bond ETF $IEF Stock Position Trimmed by Independence Financial Advisors LLC

Independence Financial Advisors LLC lessened its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 54.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,551 shares of the exchange traded fund’s stock after selling 7,805 shares during the quarter. Independence Financial Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in IEF. Bank of America Corp DE grew its position in iShares 7-10 Year Treasury Bond ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after buying an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after acquiring an additional 630,060 shares during the period. Blue Trust Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.8% during the 1st quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock valued at $618,065,000 after acquiring an additional 354,797 shares during the period. Captrust Financial Advisors increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% during the 4th quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock worth $555,901,000 after purchasing an additional 666,409 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock worth $479,282,000 after purchasing an additional 217,157 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

Shares of NASDAQ:IEF traded up $0.34 during mid-day trading on Thursday, reaching $89.45. The company had a trading volume of 10,340,851 shares, compared to its average volume of 8,793,653. The firm has a market cap of $41.65 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s 50-day moving average price is $91.76 and its 200-day moving average price is $93.49. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.3069 dividend. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, October 1st.

iShares 7-10 Year Treasury Bond ETF Company 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.