Robertson Stephens Wealth Management LLC Decreases Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Robertson Stephens Wealth Management LLC reduced its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 84.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,376 shares of the exchange traded fund’s stock after selling 112,051 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IEF. Bison Wealth LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% in the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after purchasing an additional 113,663 shares during the last quarter. GAMMA Investing LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 974.6% in the 1st quarter. GAMMA Investing LLC now owns 2,289 shares of the exchange traded fund’s stock valued at $218,000 after purchasing an additional 2,076 shares during the last quarter. Fifth Third Bancorp raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 88.5% in the 1st quarter. Fifth Third Bancorp now owns 140,918 shares of the exchange traded fund’s stock valued at $13,439,000 after purchasing an additional 66,145 shares during the last quarter. Sapient Capital LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 16.6% during the 1st quarter. Sapient Capital LLC now owns 7,301 shares of the exchange traded fund’s stock worth $696,000 after buying an additional 1,042 shares during the last quarter. Finally, BTS Asset Management Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $15,179,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.6%

IEF opened at $96.91 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $97.51. The firm has a market capitalization of $38.52 billion, a PE ratio of -22.00 and a beta of 0.05. The firm has a 50 day moving average of $96.19 and a two-hundred day moving average of $95.14.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.2945 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.