KPP Advisory Services LLC Reduces Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

KPP Advisory Services LLC decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,069 shares of the exchange traded fund’s stock after selling 240 shares during the period. KPP Advisory Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $293,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IEF. Western Wealth Management LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% during the first quarter. Western Wealth Management LLC now owns 4,084 shares of the exchange traded fund’s stock worth $389,000 after purchasing an additional 174 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 95.0% in the first quarter. Sequoia Financial Advisors LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $666,000 after acquiring an additional 3,401 shares during the period. Pure Financial Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the first quarter valued at approximately $214,000. White Pine Investment CO lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 7.0% in the first quarter. White Pine Investment CO now owns 54,980 shares of the exchange traded fund’s stock valued at $5,243,000 after acquiring an additional 3,578 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 48.3% in the first quarter. Pinnacle Bancorp Inc. now owns 5,143 shares of the exchange traded fund’s stock valued at $490,000 after acquiring an additional 1,676 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

Shares of NASDAQ:IEF opened at $95.64 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $99.18. The company has a market capitalization of $34.62 billion, a PE ratio of -22.00 and a beta of 0.05. The business has a 50 day moving average of $94.39 and a two-hundred day moving average of $93.90.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a $0.3101 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Monday, June 2nd.

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.