Capital Asset Advisory Services LLC Sells 1,270 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Capital Asset Advisory Services LLC reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,095 shares of the exchange traded fund’s stock after selling 1,270 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,486,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IEF. Logan Capital Management Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $34,000. Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. Dunhill Financial LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $38,000. Finally, Rakuten Securities Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $92.47 on Monday. The stock has a market capitalization of $31.56 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The business’s 50 day simple moving average is $93.17 and its two-hundred day simple moving average is $95.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.