iShares 7-10 Year Treasury Bond ETF $IEF Stock: Virtue Capital Management LLC Reduces Holdings

Virtue Capital Management LLC reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 60.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 167,801 shares of the exchange traded fund’s stock after selling 251,997 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 2.0% of Virtue Capital Management LLC’s portfolio, making the stock its 9th largest position. Virtue Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $14,986,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IEF. Bank of America Corp DE boosted its position in iShares 7-10 Year Treasury Bond ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after acquiring an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock worth $1,454,685,000 after acquiring an additional 630,060 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock valued at $479,282,000 after purchasing an additional 217,157 shares during the period. Royal Bank of Canada lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% in the 1st quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock valued at $323,377,000 after purchasing an additional 2,421,315 shares during the period. Finally, Wealthcare Capital Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.8% during the 2nd quarter. Wealthcare Capital Management LLC now owns 1,843,045 shares of the exchange traded fund’s stock valued at $174,297,000 after purchasing an additional 32,242 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $91.76 on Monday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.64 and a 52-week high of $98.04. The business’s 50 day moving average price is $90.88 and its two-hundred day moving average price is $93.88. The firm has a market cap of $43.26 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be given a dividend of $0.3115 per share. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, November 2nd. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069.

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.