MTC Wealth Management LLC Reduces Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

MTC Wealth Management LLC lessened its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 60.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,847 shares of the exchange traded fund’s stock after selling 137,859 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for 4.2% of MTC Wealth Management LLC’s holdings, making the stock its 9th biggest position. MTC Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $8,569,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Mutual Advisors LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 16,747.0% in the first quarter. Mutual Advisors LLC now owns 1,737,097 shares of the exchange traded fund’s stock worth $165,389,000 after purchasing an additional 1,726,786 shares during the period. Ausdal Financial Partners Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3,365.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 640,710 shares of the exchange traded fund’s stock valued at $59,234,000 after buying an additional 622,224 shares in the last quarter. Focus Partners Wealth boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3,920.2% in the fourth quarter. Focus Partners Wealth now owns 612,030 shares of the exchange traded fund’s stock valued at $56,595,000 after buying an additional 596,806 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter valued at about $55,284,000. Finally, Tanglewood Wealth Management Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6,139.3% during the first quarter. Tanglewood Wealth Management Inc. now owns 558,606 shares of the exchange traded fund’s stock valued at $53,274,000 after purchasing an additional 549,653 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $94.17 on Thursday. The stock’s 50 day moving average is $94.32 and its 200 day moving average is $94.06. The firm has a market cap of $34.74 billion, a P/E ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were paid a $0.3032 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Tuesday, July 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.