Pitcairn Co. Decreases Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pitcairn Co. trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 79.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,213 shares of the exchange traded fund’s stock after selling 16,449 shares during the quarter. Pitcairn Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 5.5% during the fourth quarter. Fisher Asset Management LLC now owns 9,734,650 shares of the exchange traded fund’s stock valued at $938,323,000 after purchasing an additional 504,860 shares during the period. Blue Trust Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 9.7% during the first quarter. Blue Trust Inc. now owns 4,899,206 shares of the exchange traded fund’s stock valued at $463,759,000 after purchasing an additional 433,840 shares during the period. Nationwide Fund Advisors grew its holdings in iShares 7-10 Year Treasury Bond ETF by 8.1% during the first quarter. Nationwide Fund Advisors now owns 2,834,331 shares of the exchange traded fund’s stock valued at $268,298,000 after purchasing an additional 212,233 shares during the period. Perella Weinberg Partners Capital Management LP grew its holdings in iShares 7-10 Year Treasury Bond ETF by 22.6% during the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 2,211,712 shares of the exchange traded fund’s stock valued at $213,187,000 after purchasing an additional 408,022 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 33.4% during the first quarter. Janney Montgomery Scott LLC now owns 1,833,802 shares of the exchange traded fund’s stock valued at $173,588,000 after purchasing an additional 459,546 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF traded up $0.21 on Thursday, hitting $94.56. 4,335,592 shares of the stock traded hands, compared to its average volume of 7,637,000. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $97.11. The business’s fifty day moving average is $93.79 and its two-hundred day moving average is $93.84. The firm has a market capitalization of $28.65 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a $0.2851 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, July 1st.

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.