1607 Capital Partners LLC Sells 42,500 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

1607 Capital Partners LLC cut its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 288,661 shares of the exchange traded fund’s stock after selling 42,500 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up 2.1% of 1607 Capital Partners LLC’s investment portfolio, making the stock its 13th largest holding. 1607 Capital Partners LLC owned 0.07% of iShares 7-10 Year Treasury Bond ETF worth $27,844,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. 1858 Wealth Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $5,499,000. Ameriprise Financial Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock worth $1,443,272,000 after purchasing an additional 3,291,267 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 49.2% during the 3rd quarter. Ancora Advisors LLC now owns 788 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 260 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the 3rd quarter. Raymond James Financial Inc. now owns 6,175,024 shares of the exchange traded fund’s stock worth $595,643,000 after purchasing an additional 290,351 shares during the period. Finally, Cardiff Park Advisors LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 16.4% in the 3rd quarter. Cardiff Park Advisors LLC now owns 1,722 shares of the exchange traded fund’s stock worth $166,000 after purchasing an additional 242 shares during the period. 81.48% of the stock is currently owned by institutional investors.

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

iShares 7-10 Year Treasury Bond ETF stock opened at $95.59 on Friday. The business’s 50 day simple moving average is $96.42 and its 200 day simple moving average is $96.60. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.79 and a 12 month high of $98.04. The company has a market cap of $46.69 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.2828 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.