6,357 iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Sachem Hill LLC

Sachem Hill LLC reduced its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.0% in the third quarter, Holdings Channel.com reports. The fund owned 318,482 shares of the exchange traded fund’s stock after selling 6,357 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises about 5.0% of Sachem Hill LLC’s portfolio, making the stock its 8th largest holding. Sachem Hill LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $28,444,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of IEF. Windsor Advisory Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $27,000. Strive Financial Group LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 483.0% in the second quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 256 shares during the last quarter. Compass Financial Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $29,000. Navigoe LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth about $33,000. Finally, Cape Investment Advisory Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock traded up $0.17 during trading hours on Wednesday, hitting $89.71. The company had a trading volume of 11,587,795 shares, compared to its average volume of 8,797,202. The firm has a market cap of $41.42 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.64 and a 1 year high of $98.04. The company has a 50-day moving average price of $91.47 and a two-hundred day moving average price of $93.33.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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.