Cadence Wealth Management LLC Sells 63,477 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Cadence Wealth Management LLC lowered its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 43.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 83,054 shares of the exchange traded fund’s stock after selling 63,477 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 3.9% of Cadence Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Cadence Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,986,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Advisory Alpha LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 40.9% in the 4th quarter. Advisory Alpha LLC now owns 3,261 shares of the exchange traded fund’s stock valued at $314,000 after purchasing an additional 947 shares during the period. Axxcess Wealth Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 8.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 14,105 shares of the exchange traded fund’s stock valued at $1,356,000 after purchasing an additional 1,100 shares during the period. Texas Bank & Trust Co boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 32.2% in the 4th quarter. Texas Bank & Trust Co now owns 4,307 shares of the exchange traded fund’s stock valued at $414,000 after purchasing an additional 1,050 shares during the period. Pinnbrook Capital Management LP bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $18,620,000. Finally, Transce3nd LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $209,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1%

NASDAQ IEF opened at $93.88 on Friday. The company has a market capitalization of $47.89 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.94 and a 12-month high of $98.04. The firm has a 50-day moving average price of $95.03 and a two-hundred day moving average price of $96.01.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.3125 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.