Retirement Financial Solutions LLC Sells 7,327 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Retirement Financial Solutions LLC decreased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 139,478 shares of the exchange traded fund’s stock after selling 7,327 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 8.3% of Retirement Financial Solutions LLC’s holdings, making the stock its 5th largest position. Retirement Financial Solutions LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Israel Discount Bank of New York raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.9% in the 2nd quarter. Israel Discount Bank of New York now owns 34,441 shares of the exchange traded fund’s stock valued at $3,298,000 after acquiring an additional 979 shares during the period. Meridian Management Co. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 32.7% in the 2nd quarter. Meridian Management Co. now owns 101,972 shares of the exchange traded fund’s stock valued at $9,677,000 after acquiring an additional 25,149 shares during the period. Greater Midwest Financial Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth $379,000. Benningfield Financial Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 1.5% in the second quarter. Benningfield Financial Advisors LLC now owns 176,107 shares of the exchange traded fund’s stock worth $16,866,000 after purchasing an additional 2,683 shares during the period. Finally, GAM Holding AG acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth $5,363,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $96.85 on Monday. The firm’s fifty day moving average is $96.74 and its two-hundred day moving average is $95.40. The firm has a market cap of $40.24 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.08 and a twelve month high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 6th. Investors of record on Monday, November 3rd will be paid a dividend of $0.3038 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 3rd. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

About iShares 7-10 Year Treasury Bond ETF

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.