SG Americas Securities LLC Lowers Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

SG Americas Securities LLC reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 55.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 153,643 shares of the exchange traded fund’s stock after selling 189,241 shares during the quarter. SG Americas Securities LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $14,664,000 as of its most recent filing with the SEC.

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

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

Shares of IEF opened at $94.79 on Friday. The stock’s 50 day moving average is $94.47 and its two-hundred day moving average is $95.55. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.94 and a twelve month high of $98.04. The firm has a market capitalization of $48.35 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

iShares 7-10 Year Treasury Bond ETF Company 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.