Alpha Cubed Investments LLC Sells 286 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Alpha Cubed Investments LLC lessened its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.0% during the second quarter, HoldingsChannel.com reports. The firm owned 2,903 shares of the exchange traded fund’s stock after selling 286 shares during the quarter. Alpha Cubed Investments LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Baird Financial Group Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 1,494.7% during the 4th quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after acquiring an additional 1,614,158 shares during the period. GLOBALT Investments LLC GA acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $92,585,000. Janney Montgomery Scott LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 111.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,374,256 shares of the exchange traded fund’s stock valued at $132,465,000 after buying an additional 723,830 shares during the period. Captrust Financial Advisors raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% in the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after buying an additional 662,293 shares in the last quarter. Finally, Tanglewood Wealth Management Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $56,282,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF traded up $0.36 during mid-day trading on Tuesday, reaching $97.29. The stock had a trading volume of 820,985 shares, compared to its average volume of 7,690,719. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $98.58. The stock has a market capitalization of $30.32 billion, a PE ratio of -21.67 and a beta of 0.05. The stock has a 50-day simple moving average of $94.60 and a two-hundred day simple moving average of $93.90.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were given a $0.2891 dividend. This represents a $3.47 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, August 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

iShares 7-10 Year Treasury Bond ETF 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.