Anchor Capital Advisors LLC Trims Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Anchor Capital Advisors LLC lowered its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,125 shares of the exchange traded fund’s stock after selling 18,985 shares during the quarter. Anchor Capital Advisors LLC owned 0.06% of iShares 7-10 Year Treasury Bond ETF worth $17,555,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% in the third quarter. Morgan Stanley now owns 15,447,394 shares of the exchange traded fund’s stock worth $1,414,827,000 after purchasing an additional 1,636,435 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $128,523,000. Synovus Financial Corp boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2,457.4% in the third quarter. Synovus Financial Corp now owns 1,027,104 shares of the exchange traded fund’s stock valued at $94,072,000 after purchasing an additional 986,942 shares during the period. Advance Capital Management Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 4,464.2% in the fourth quarter. Advance Capital Management Inc. now owns 885,731 shares of the exchange traded fund’s stock worth $85,376,000 after purchasing an additional 866,325 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,849,448 shares of the exchange traded fund’s stock worth $627,350,000 after purchasing an additional 804,424 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock traded up $0.37 during mid-day trading on Monday, hitting $91.86. The stock had a trading volume of 4,843,099 shares, compared to its average volume of 8,829,010. The firm has a market capitalization of $28.26 billion, a P/E ratio of -21.49 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $100.80. The firm’s 50-day moving average is $93.48 and its two-hundred day moving average is $93.65.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.2758 per share. This represents a $3.31 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Monday, April 1st.

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.