iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Sold by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. lowered its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 53.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,342 shares of the exchange traded fund’s stock after selling 2,655 shares during the period. Tower Wealth Partners Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Logan Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $25,000. Montag A & Associates Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth 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 during the period. BankPlus Trust Department purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $31,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $35,000. Finally, Dunhill Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1 %

IEF stock opened at $94.39 on Monday. The firm has a 50 day moving average of $93.06 and a 200-day moving average of $94.72. The company has a market cap of $32.52 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.2754 per share. The ex-dividend date was Monday, March 3rd.

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.