Concurrent Investment Advisors LLC Decreases Position in iShares 7-10 Year Treasury Bond ETF $IEF

Concurrent Investment Advisors LLC lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,958 shares of the exchange traded fund’s stock after selling 65,754 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $17,775,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Windsor Advisory Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $27,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $29,000. Strive Financial Group LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 483.0% during the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 256 shares during the period. Finally, Navigoe LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth about $33,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $92.25 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.04 and a 52-week high of $98.04. The stock’s 50-day simple moving average is $93.27 and its 200 day simple moving average is $94.53. The stock has a market capitalization of $46.81 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a $0.332 dividend. The ex-dividend date was Tuesday, September 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 4.3%.

About iShares 7-10 Year Treasury Bond ETF

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.