DKM Wealth Management Inc. Sells 164 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

DKM Wealth Management Inc. trimmed its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,075 shares of the exchange traded fund’s stock after selling 164 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises about 0.5% of DKM Wealth Management Inc.’s investment portfolio, making the stock its 29th biggest holding. DKM Wealth Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $484,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Montag A & Associates Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 160 shares in the last quarter. BankPlus Trust Department bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $31,000. Park Square Financial Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $37,000. Wood Tarver Financial Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $37,000. Finally, Menard Financial Group LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $38,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.8%

Shares of IEF stock opened at $93.51 on Friday. The company has a 50 day moving average price of $94.48 and a 200-day moving average price of $93.90. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $99.18. The firm has a market capitalization of $33.85 billion, a PE ratio of -22.10 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were paid a $0.3101 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.98%.

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.