Advisors Preferred LLC Sells 417,835 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Advisors Preferred LLC lowered its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 80.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 99,170 shares of the exchange traded fund’s stock after selling 417,835 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 1.4% of Advisors Preferred LLC’s investment portfolio, making the stock its 19th largest holding. Advisors Preferred LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IEF. West Paces Advisors Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 7.9% in the third quarter. West Paces Advisors Inc. now owns 286,817 shares of the exchange traded fund’s stock worth $27,666,000 after acquiring an additional 21,060 shares during the period. Cadence Wealth Management LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 19.4% in the third quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock valued at $14,134,000 after acquiring an additional 23,819 shares during the period. WestEnd Advisors LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 13.9% in the third quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock valued at $72,458,000 after acquiring an additional 91,530 shares during the period. Capital Investment Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $631,000. Finally, Barings LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% during the 2nd quarter. Barings LLC now owns 642,944 shares of the exchange traded fund’s stock valued at $61,575,000 after purchasing an additional 13,550 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $97.09 on Friday. The company has a 50-day moving average price of $96.28 and a 200-day moving average price of $96.46. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.79 and a 52 week high of $97.77. The firm has a market capitalization of $47.42 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.312 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, February 2nd.

iShares 7-10 Year Treasury Bond ETF 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.