Axxcess Wealth Management LLC Decreases Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Axxcess Wealth Management LLC trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 46.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,005 shares of the exchange traded fund’s stock after selling 11,294 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,254,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% during the 2nd quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock worth $5,521,226,000 after purchasing an additional 2,686,141 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock worth $60,244,000 after buying an additional 616,905 shares in the last quarter. Soros Fund Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $47,885,000. Captrust Financial Advisors raised its holdings in iShares 7-10 Year Treasury Bond ETF by 5.2% in the second quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock valued at $956,908,000 after acquiring an additional 495,772 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,659,314 shares of the exchange traded fund’s stock valued at $1,094,373,000 after acquiring an additional 434,320 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $97.09 on Friday. The firm has a fifty day moving average of $96.28 and a two-hundred day moving average of $96.46. The firm has a market cap of $47.42 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 $92.79 and a 1-year high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.312 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, February 2nd.

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.