Welch & Forbes LLC Cuts Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Welch & Forbes LLC lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 18.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,565 shares of the exchange traded fund’s stock after selling 597 shares during the quarter. Welch & Forbes LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of IEF. HB Wealth Management LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 72.9% during the first quarter. HB Wealth Management LLC now owns 4,851 shares of the exchange traded fund’s stock worth $463,000 after buying an additional 2,046 shares during the period. Independence Financial Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $14,612,000. Joel Adams & Associates Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.1% during the second quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock worth $394,000 after buying an additional 123 shares during the period. WBH Advisory Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 73.9% during the second quarter. WBH Advisory Inc. now owns 18,480 shares of the exchange traded fund’s stock worth $1,770,000 after buying an additional 7,854 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock worth $2,677,872,000 after buying an additional 1,333,142 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 Stock Down 0.4%

NASDAQ IEF opened at $96.50 on Tuesday. The stock has a market capitalization of $40.10 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $97.77. The firm has a 50-day moving average price of $96.75 and a 200 day moving average price of $95.41.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.