NewEdge Advisors LLC Reduces Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

NewEdge Advisors LLC lessened its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.4% during the first quarter, Holdings Channel.com reports. The fund owned 369,077 shares of the exchange traded fund’s stock after selling 8,955 shares during the period. NewEdge Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $35,225,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Edge Capital LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.8% during the first quarter. Blue Edge Capital LLC now owns 344,363 shares of the exchange traded fund’s stock valued at $32,866,000 after acquiring an additional 9,453 shares during the last quarter. Keel Point LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 12.6% during the first quarter. Keel Point LLC now owns 289,749 shares of the exchange traded fund’s stock worth $27,654,000 after purchasing an additional 32,380 shares during the period. Asset Dedication LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 86.9% in the first quarter. Asset Dedication LLC now owns 555 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 258 shares during the last quarter. WNY Asset Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth about $317,000. Finally, BankChampaign National Association purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at about $72,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $92.95 on Friday. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.69 and a one year high of $98.04. The business has a 50 day simple moving average of $93.83 and a two-hundred day simple moving average of $94.98. The firm has a market capitalization of $47.16 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.3175 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.