Prudential PLC Sells 22,088 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Prudential PLC cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,459 shares of the exchange traded fund’s stock after selling 22,088 shares during the quarter. Prudential PLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Arete Wealth Advisors LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 198,084 shares of the exchange traded fund’s stock valued at $18,316,000 after buying an additional 977 shares during the period. SevenBridge Financial Group LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 2.7% in the 4th quarter. SevenBridge Financial Group LLC now owns 33,786 shares of the exchange traded fund’s stock worth $3,138,000 after purchasing an additional 892 shares in the last quarter. OneAscent Financial Services LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $453,000. DKM Wealth Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at about $484,000. Finally, Private Portfolio Partners LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.7% during the fourth quarter. Private Portfolio Partners LLC now owns 192,984 shares of the exchange traded fund’s stock valued at $17,841,000 after buying an additional 3,197 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $96.56 on Friday. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The company has a 50-day simple moving average of $94.18 and a two-hundred day simple moving average of $94.31. The firm has a market capitalization of $35.79 billion, a PE ratio of -22.63 and a beta of 0.23.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.3037 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.64 annualized dividend and a dividend yield of 3.77%.

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.