Portland Global Advisors LLC Sells 7,913 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Portland Global Advisors LLC cut its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,558 shares of the exchange traded fund’s stock after selling 7,913 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 2.1% of Portland Global Advisors LLC’s portfolio, making the stock its 15th biggest holding. Portland Global Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $17,484,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. GeoWealth Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 121.5% during the 2nd quarter. GeoWealth Management LLC now owns 12,468 shares of the exchange traded fund’s stock valued at $1,194,000 after acquiring an additional 6,838 shares during the last quarter. Baird Financial Group Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 4.1% in the second quarter. Baird Financial Group Inc. now owns 2,634,983 shares of the exchange traded fund’s stock worth $252,352,000 after purchasing an additional 104,338 shares during the last quarter. Crescent Grove Advisors LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 67.5% during the second quarter. Crescent Grove Advisors LLC now owns 13,646 shares of the exchange traded fund’s stock valued at $1,307,000 after purchasing an additional 5,500 shares in the last quarter. 1832 Asset Management L.P. lifted its position in iShares 7-10 Year Treasury Bond ETF by 1.0% during the second quarter. 1832 Asset Management L.P. now owns 52,845 shares of the exchange traded fund’s stock valued at $5,061,000 after purchasing an additional 517 shares during the last quarter. Finally, JT Stratford LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 7.2% during the second quarter. JT Stratford LLC now owns 39,345 shares of the exchange traded fund’s stock valued at $3,768,000 after purchasing an additional 2,626 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3%

Shares of NASDAQ:IEF opened at $96.67 on Friday. The firm has a fifty day simple moving average of $96.91 and a two-hundred day simple moving average of $95.77. The stock has a market capitalization of $40.32 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were given a dividend of $0.2884 per share. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.