M&T Bank Corp Cuts Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

M&T Bank Corp cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,574 shares of the exchange traded fund’s stock after selling 323 shares during the quarter. M&T Bank Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $449,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Executive Wealth Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $685,000. Continuum Advisory LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 20.1% in the 3rd quarter. Continuum Advisory LLC now owns 13,442 shares of the exchange traded fund’s stock worth $1,254,000 after buying an additional 2,250 shares during the last quarter. Dunhill Financial LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $38,000. Orion Portfolio Solutions LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 17.6% during the third quarter. Orion Portfolio Solutions LLC now owns 148,428 shares of the exchange traded fund’s stock valued at $14,564,000 after acquiring an additional 22,228 shares during the last quarter. Finally, Zega Financial LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $202,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $93.72 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The firm’s fifty day simple moving average is $94.61 and its two-hundred day simple moving average is $95.54. The firm has a market capitalization of $33.29 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.292 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase 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.