Fifth Third Securities Inc. Reduces Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Fifth Third Securities Inc. decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,064 shares of the exchange traded fund’s stock after selling 7,362 shares during the quarter. Fifth Third Securities Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 109.5% during the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after buying an additional 70,696 shares during the last quarter. Lake Hills Wealth Management LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% in the third quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock valued at $6,753,000 after acquiring an additional 14,906 shares during the period. Axxcess Wealth Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% during the third quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after acquiring an additional 7,508 shares during the last quarter. Stablepoint Partners LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 34.3% in the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock valued at $2,275,000 after acquiring an additional 5,916 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $93.02 on Friday. The company has a market capitalization of $31.90 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The company’s fifty day moving average is $93.11 and its two-hundred day moving average is $95.15.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.97%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.