Private Advisor Group LLC Sells 44,504 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Private Advisor Group LLC lessened its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 29.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 108,897 shares of the exchange traded fund’s stock after selling 44,504 shares during the period. Private Advisor Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,068,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $25,000. Montag A & Associates Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 160 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $34,000. Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $35,000. Finally, Dunhill Financial LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $38,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $93.16 on Friday. The business has a 50-day simple moving average of $92.63 and a two-hundred day simple moving average of $94.94. The company has a market capitalization of $32.09 billion, a P/E 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 business also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.2964 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.