Sovereign Financial Group Inc. Sells 1,254 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sovereign Financial Group Inc. reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 29.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,985 shares of the exchange traded fund’s stock after selling 1,254 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $276,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cypress Financial Planning LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $1,532,000. Granite Bay Wealth Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $341,000. Signet Financial Management LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.7% during the fourth quarter. Signet Financial Management LLC now owns 36,234 shares of the exchange traded fund’s stock valued at $3,350,000 after acquiring an additional 3,799 shares in the last quarter. Catalyst Private Wealth LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 8.2% in the fourth quarter. Catalyst Private Wealth LLC now owns 4,352 shares of the exchange traded fund’s stock worth $402,000 after acquiring an additional 329 shares during the period. Finally, Parkside Advisors LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.9% in the fourth quarter. Parkside Advisors LLC now owns 322,175 shares of the exchange traded fund’s stock valued at $29,785,000 after acquiring an additional 12,102 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 1.1 %

Shares of NASDAQ IEF opened at $92.16 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The firm has a fifty day simple moving average of $93.33 and a two-hundred day simple moving average of $95.27. The firm has a market capitalization of $31.23 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.3075 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a yield of 4.00%.

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.