iShares 7-10 Year Treasury Bond ETF $IEF Stock: Sachem Hill LLC Decreases Stake

Sachem Hill LLC decreased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 318,482 shares of the exchange traded fund’s stock after selling 6,357 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up 5.0% of Sachem Hill LLC’s holdings, making the stock its 8th largest holding. Sachem Hill LLC owned 0.07% of iShares 7-10 Year Treasury Bond ETF worth $28,444,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings 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 acquiring an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the second 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 in the last quarter. Blue Trust Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.8% in the first 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 in the last quarter. Captrust Financial Advisors boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% in the fourth quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock worth $555,901,000 after acquiring an additional 666,409 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock worth $479,282,000 after acquiring an additional 217,157 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF traded up $0.17 during mid-day trading on Wednesday, reaching $89.71. The company’s stock had a trading volume of 11,587,795 shares, compared to its average volume of 8,797,202. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $88.64 and a 52 week high of $98.04. The stock has a fifty day moving average of $91.47 and a two-hundred day moving average of $93.33. The firm has a market capitalization of $41.42 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

iShares 7-10 Year Treasury Bond ETF 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.