Kovitz Investment Group Partners LLC Has $21.44 Million Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Kovitz Investment Group Partners LLC reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 82.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,978 shares of the exchange traded fund’s stock after selling 1,042,181 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $21,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Elevated Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $28,000. Asset Dedication LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $29,000. Measured Wealth Private Client Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.4%

NASDAQ:IEF opened at $94.36 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The firm has a market cap of $48.13 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s 50 day moving average is $94.58 and its 200-day moving average is $95.63.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3172 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, June 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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. 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.