Sovran Advisors LLC Lowers Position in iShares 7-10 Year Treasury Bond ETF $IEF

Sovran Advisors LLC cut its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 29.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,923 shares of the exchange traded fund’s stock after selling 13,247 shares during the period. Sovran Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,032,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. TSA Wealth Managment LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 40.1% in the 1st quarter. TSA Wealth Managment LLC now owns 4,893 shares of the exchange traded fund’s stock worth $467,000 after purchasing an additional 1,400 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% during the 1st quarter. Simplicity Wealth LLC now owns 27,065 shares of the exchange traded fund’s stock worth $2,583,000 after buying an additional 3,119 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 121.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 22,401 shares of the exchange traded fund’s stock worth $2,138,000 after buying an additional 12,297 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.4% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 13,713 shares of the exchange traded fund’s stock worth $1,309,000 after buying an additional 573 shares during the last quarter. Finally, DMC Group LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6.0% in the 1st quarter. DMC Group LLC now owns 18,973 shares of the exchange traded fund’s stock worth $1,811,000 after buying an additional 1,077 shares during the last quarter. 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 stock traded down $0.08 during trading on Friday, hitting $93.63. The company’s stock had a trading volume of 6,507,560 shares, compared to its average volume of 8,997,625. The company has a market cap of $46.99 billion, a PE ratio of -22.00 and a beta of 0.26. The business has a fifty day moving average of $94.19 and a 200-day moving average of $95.39. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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.