Magnolia Private Wealth LLC Decreases Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Magnolia Private Wealth LLC lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 92.4% during the second quarter, Holdings Channel reports. The institutional investor owned 15,036 shares of the exchange traded fund’s stock after selling 182,954 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 1.1% of Magnolia Private Wealth LLC’s portfolio, making the stock its 25th biggest position. Magnolia Private Wealth LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,440,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 72.9% during the first quarter. HB Wealth Management LLC now owns 4,851 shares of the exchange traded fund’s stock worth $463,000 after buying an additional 2,046 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 0.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,606,373 shares of the exchange traded fund’s stock worth $153,200,000 after buying an additional 7,420 shares in the last quarter. GAMMA Investing LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 974.6% during the first quarter. GAMMA Investing LLC now owns 2,289 shares of the exchange traded fund’s stock worth $218,000 after buying an additional 2,076 shares in the last quarter. Independence Financial Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $14,612,000. Finally, JPMorgan Chase & Co. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock worth $2,677,872,000 after buying an additional 1,333,142 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.0%

IEF stock opened at $96.46 on Wednesday. The company has a market cap of $35.89 billion, a P/E ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $98.47. The company’s 50-day moving average price is $95.94 and its 200 day moving average price is $95.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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.