Pinkerton Wealth LLC Sells 9,445 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Pinkerton Wealth LLC decreased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 142,003 shares of the exchange traded fund’s stock after selling 9,445 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 2.0% of Pinkerton Wealth LLC’s holdings, making the stock its 7th biggest holding. Pinkerton Wealth LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,682,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IEF. IMC Chicago LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 58.2% during the 2nd quarter. IMC Chicago LLC now owns 55,388 shares of the exchange traded fund’s stock valued at $5,238,000 after acquiring an additional 20,379 shares in the last quarter. Centerline Wealth Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $2,636,000. Resonant Capital Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter worth $1,868,000. Silverleafe Capital Partners LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $15,876,000. Finally, Risk Paradigm Group LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 8.9% in the second quarter. Risk Paradigm Group LLC now owns 79,693 shares of the exchange traded fund’s stock worth $7,537,000 after purchasing an additional 6,484 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $91.76 on Monday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04. The firm has a fifty day moving average price of $90.88 and a two-hundred day moving average price of $93.88. The firm has a market cap of $43.26 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be given a $0.3115 dividend. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, November 2nd. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069.

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.