Sompo Asset Management Co. Ltd. Decreases Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sompo Asset Management Co. Ltd. trimmed its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,933 shares of the exchange traded fund’s stock after selling 5,068 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 5.3% of Sompo Asset Management Co. Ltd.’s investment portfolio, making the stock its 4th biggest position. Sompo Asset Management Co. Ltd. owned 0.10% of iShares 7-10 Year Treasury Bond ETF worth $33,845,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Values First Advisors Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 4.4% in the 2nd quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock worth $3,023,000 after purchasing an additional 1,365 shares during the last quarter. Stanley Laman Group Ltd. bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $274,000. Raymond James & Associates raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.6% during the 2nd quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock valued at $594,383,000 after acquiring an additional 281,554 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $1,016,000. Finally, CWM LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% during the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after acquiring an additional 70,696 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $93.60 on Friday. The firm has a fifty day moving average of $95.70 and a two-hundred day moving average of $95.29. The stock has a market capitalization of $33.25 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.2916 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.74%.

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.