Great Valley Advisor Group Inc. Trims Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Great Valley Advisor Group Inc. cut its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 53,034 shares of the exchange traded fund’s stock after selling 182 shares during the period. Great Valley Advisor Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,967,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $1,333,000. Sapient Capital LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $367,000. ORG Partners LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 1,957.7% during the 4th quarter. ORG Partners LLC now owns 3,210 shares of the exchange traded fund’s stock valued at $310,000 after purchasing an additional 3,054 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 37.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 6,535 shares of the exchange traded fund’s stock worth $630,000 after purchasing an additional 1,770 shares during the period. Finally, Crestwood Advisors Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $551,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock traded up $0.22 during mid-day trading on Wednesday, reaching $97.58. 1,910,341 shares of the company’s stock traded hands, compared to its average volume of 7,689,209. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $98.58. The firm has a 50 day moving average price of $94.75 and a two-hundred day moving average price of $93.93. The firm has a market capitalization of $30.41 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a $0.2891 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.47 annualized dividend and a yield of 3.56%. This is an increase 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.