iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 98.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 49,838 shares of the exchange traded fund’s stock after selling 4,301,726 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,268,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 52.1% during the third quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock worth $8,455,919,000 after buying an additional 30,011,547 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% during the third quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock worth $1,443,272,000 after buying an additional 3,291,267 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 12,820,353 shares of the exchange traded fund’s stock worth $1,236,651,000 after buying an additional 375,479 shares in the last quarter. Captrust Financial Advisors grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the second quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after buying an additional 495,772 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% during the third quarter. Raymond James Financial Inc. now owns 6,175,024 shares of the exchange traded fund’s stock worth $595,643,000 after buying an additional 290,351 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

IEF stock opened at $93.88 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.94 and a twelve month high of $98.04. The company has a market capitalization of $47.89 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm has a 50 day simple moving average of $95.03 and a 200-day simple moving average of $96.01.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend 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.