D.A. Davidson & CO. Sells 30,056 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

D.A. Davidson & CO. cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 86.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,866 shares of the exchange traded fund’s stock after selling 30,056 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IEF. Fisher Asset Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 4.9% in the second quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock valued at $5,521,226,000 after purchasing an additional 2,686,141 shares in the last quarter. Peavine Capital LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $160,837,000. The Manufacturers Life Insurance Company grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after buying an additional 616,905 shares during the period. Summit Financial Consulting LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 9,052.5% in the 2nd quarter. Summit Financial Consulting LLC now owns 554,550 shares of the exchange traded fund’s stock valued at $53,109,000 after buying an additional 548,491 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $47,885,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1%

NASDAQ:IEF opened at $96.30 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $97.77. The stock has a 50-day moving average price of $96.58 and a two-hundred day moving average price of $96.19. The stock has a market cap of $45.93 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.