Citizens Financial Group Inc. RI Sells 8,397,965 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Citizens Financial Group Inc. RI lessened its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 98.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 135,184 shares of the exchange traded fund’s stock after selling 8,397,965 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,073,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IEF. Bank of America Corp DE lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after acquiring an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after acquiring an additional 630,060 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in iShares 7-10 Year Treasury Bond ETF by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock worth $479,282,000 after purchasing an additional 217,157 shares during the period. Royal Bank of Canada increased its stake in iShares 7-10 Year Treasury Bond ETF by 250.4% in the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after purchasing an additional 2,421,315 shares during the period. Finally, Wealthcare Capital Management LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.8% during the second quarter. Wealthcare Capital Management LLC now owns 1,843,045 shares of the exchange traded fund’s stock worth $174,297,000 after purchasing an additional 32,242 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2%

NASDAQ:IEF opened at $91.05 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.64 and a twelve month high of $98.04. The company has a market cap of $41.70 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a fifty day simple moving average of $91.05 and a 200-day simple moving average of $93.08.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.3069 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.68 annualized dividend and a yield of 4.0%. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

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. 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.