iShares 7-10 Year Treasury Bond ETF $IEF Stake Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 83.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,542 shares of the exchange traded fund’s stock after selling 259,025 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. TT Capital Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $243,000. Tull Financial Group Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $332,000. Coppell Advisory Solutions LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $2,380,000. B. Riley Wealth Advisors Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $227,000. Finally, Advisory Services Network LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 76.8% in the second quarter. Advisory Services Network LLC now owns 92,702 shares of the exchange traded fund’s stock valued at $8,797,000 after acquiring an additional 40,281 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $96.24 on Friday. The stock has a market capitalization of $40.14 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.08 and a twelve month high of $97.77. The business’s 50 day simple moving average is $96.90 and its 200-day simple moving average is $95.97.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th will be paid a $0.3127 dividend. The ex-dividend date is Friday, December 19th. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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.