iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,552 shares of the exchange traded fund’s stock after selling 7,213 shares during the period. Modern Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $15,487,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $27,000. Balentine LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Cornerstone Planning Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 249.4% in the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 222 shares during the period. Silicon Valley Capital Partners acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $37,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1%

Shares of IEF opened at $96.45 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.79 and a 12-month high of $98.04. The company’s 50-day moving average price is $96.44 and its 200 day moving average price is $96.58. The firm has a market cap of $47.11 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.2828 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.