Rafferty Asset Management LLC Sells 7,354 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Rafferty Asset Management LLC reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,242 shares of the exchange traded fund’s stock after selling 7,354 shares during the quarter. Rafferty Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $34,414,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IEF. Wealthfront Advisers LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 333,731.3% during the fourth quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after purchasing an additional 15,621,963 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $725,489,000. JPMorgan Chase & Co. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 37.5% during the third quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock valued at $2,724,153,000 after purchasing an additional 7,579,169 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 18.2% during the fourth quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after purchasing an additional 7,566,487 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3,365.9% during 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 purchasing an additional 622,224 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $93.33 on Thursday. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18. The stock has a market capitalization of $33.79 billion, a P/E ratio of -22.31 and a beta of 0.05. The company’s 50 day simple moving average is $94.78 and its 200-day simple moving average is $93.90.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a $0.3134 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30. This represents a $3.76 dividend on an annualized basis and a yield of 4.03%.

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.