Weaver Capital Management LLC Has $3.07 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Weaver Capital Management LLC trimmed its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,818 shares of the exchange traded fund’s stock after selling 3,720 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 1.0% of Weaver Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Weaver Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Baird Financial Group Inc. grew its holdings 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 last quarter. GLOBALT Investments LLC GA bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $92,585,000. Janney Montgomery Scott LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 111.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,374,256 shares of the exchange traded fund’s stock worth $132,465,000 after acquiring an additional 723,830 shares during the last quarter. Captrust Financial Advisors grew its holdings in iShares 7-10 Year Treasury Bond ETF by 11.8% during the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock worth $595,656,000 after acquiring an additional 662,293 shares during the last quarter. Finally, Tanglewood Wealth Management Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $56,282,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $97.54 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $98.58. The firm has a market capitalization of $30.39 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The company’s 50 day moving average price is $95.76 and its two-hundred day moving average price is $94.19.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.2882 per share. The ex-dividend date is Tuesday, September 3rd.

About iShares 7-10 Year Treasury Bond ETF

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.