New Century Financial Group LLC Lowers Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

New Century Financial Group LLC decreased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 87.9% during the 1st quarter, Holdings Channel reports. The fund owned 3,682 shares of the exchange traded fund’s stock after selling 26,809 shares during the quarter. New Century Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Diligent Investors LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.2% in the fourth quarter. Diligent Investors LLC now owns 2,777 shares of the exchange traded fund’s stock valued at $257,000 after purchasing an additional 112 shares in the last quarter. Marcum Wealth LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the first quarter. Marcum Wealth LLC now owns 2,574 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 120 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.0% in the fourth quarter. Continuum Advisory LLC now owns 13,580 shares of the exchange traded fund’s stock valued at $1,255,000 after purchasing an additional 138 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.2% in the fourth quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 139 shares in the last quarter. Finally, Ibex Wealth Advisors lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.8% in the first quarter. Ibex Wealth Advisors now owns 18,521 shares of the exchange traded fund’s stock valued at $1,766,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF opened at $94.29 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $99.18. The company has a market capitalization of $34.13 billion, a PE ratio of -22.00 and a beta of 0.05. The firm’s 50-day moving average is $94.33 and its two-hundred day moving average is $93.91.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a $0.3101 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Monday, June 2nd.

iShares 7-10 Year Treasury Bond ETF 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.