Mesirow Financial Investment Management Inc. Sells 1,750 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Mesirow Financial Investment Management Inc. reduced its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 31.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,820 shares of the exchange traded fund’s stock after selling 1,750 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $366,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IEF. Assetmark Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 79.7% in the second quarter. Assetmark Inc. now owns 969,956 shares of the exchange traded fund’s stock valued at $92,893,000 after acquiring an additional 430,111 shares during the period. Keybank National Association OH grew its position in iShares 7-10 Year Treasury Bond ETF by 0.8% in the second quarter. Keybank National Association OH now owns 36,219 shares of the exchange traded fund’s stock valued at $3,469,000 after acquiring an additional 295 shares during the period. Buck Wealth Strategies LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 57.1% in the second quarter. Buck Wealth Strategies LLC now owns 21,334 shares of the exchange traded fund’s stock valued at $2,043,000 after acquiring an additional 7,755 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 31.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 13,640 shares of the exchange traded fund’s stock worth $1,306,000 after purchasing an additional 3,277 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $52,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $96.85 on Friday. The firm’s 50-day simple moving average is $96.74 and its 200-day simple moving average is $95.40. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.08 and a twelve month high of $97.77. The firm has a market cap of $40.19 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.2945 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.