iShares 7-10 Year Treasury Bond ETF $IEF Stock Sold by James Investment Research Inc.

James Investment Research Inc. reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 62,790 shares of the exchange traded fund’s stock after selling 6,472 shares during the period. James Investment Research Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. NBT Bank N.A. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $324,000. Root Financial Partners LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $122,000. Woodward Diversified Capital LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 87.4% in the 3rd quarter. Woodward Diversified Capital LLC now owns 6,841 shares of the exchange traded fund’s stock valued at $611,000 after acquiring an additional 3,190 shares during the period. Crescent Grove Advisors LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.0% in the third quarter. Crescent Grove Advisors LLC now owns 194,538 shares of the exchange traded fund’s stock worth $17,374,000 after purchasing an additional 3,827 shares in the last quarter. Finally, Sage Private Wealth Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth $4,484,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $91.05 on Friday. The firm has a market capitalization of $41.70 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04. The stock’s fifty day moving average is $91.05 and its 200-day moving average is $93.08.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.3069 dividend. The ex-dividend date was Thursday, October 1st. This represents a $3.68 dividend on an annualized basis 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 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.