Sovran Advisors LLC Decreases Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Sovran Advisors LLC decreased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 29.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 31,923 shares of the exchange traded fund’s stock after selling 13,247 shares during the period. Sovran Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,032,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $28,000. Asset Dedication LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Finally, Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $31,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF traded down $0.08 during trading hours on Friday, reaching $93.63. The stock had a trading volume of 6,507,560 shares, compared to its average volume of 8,997,625. The stock has a market cap of $46.99 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock has a 50 day simple moving average of $94.19 and a 200 day simple moving average of $95.39. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.94 and a 12-month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares 7-10 Year Treasury Bond ETF Company 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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.