7,805 iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Independence Financial Advisors LLC

Independence Financial Advisors LLC decreased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 54.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,551 shares of the exchange traded fund’s stock after selling 7,805 shares during the period. Independence Financial Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Legacy Wealth Partners LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 159.7% in the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after buying an additional 13,298 shares in the last quarter. Jessup Wealth Management Inc boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the fourth quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock worth $11,011,000 after acquiring an additional 5,384 shares during the period. Arkos Global Advisors grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the fourth quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock valued at $57,530,000 after purchasing an additional 29,597 shares in the last quarter. White Pine Investment CO grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 10.7% in the first quarter. White Pine Investment CO now owns 78,323 shares of the exchange traded fund’s stock valued at $7,475,000 after purchasing an additional 7,570 shares in the last quarter. Finally, Resonant Capital Advisors LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at $1,868,000. Institutional investors own 81.48% of the company’s stock.

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

IEF traded up $0.34 during trading on Thursday, reaching $89.45. 10,340,851 shares of the company were exchanged, compared to its average volume of 8,793,653. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.64 and a 12-month high of $98.04. The company’s 50-day moving average is $91.76 and its two-hundred day moving average is $93.49. The company has a market cap of $41.65 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3069 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.1%. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date was Thursday, October 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.