Net Worth Advisory Group Sells 5,863 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Net Worth Advisory Group lessened its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.3% in the third quarter, Holdings Channel.com reports. The firm owned 104,635 shares of the exchange traded fund’s stock after selling 5,863 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 2.9% of Net Worth Advisory Group’s portfolio, making the stock its 4th largest holding. Net Worth Advisory Group’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,093,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IEF. Silicon Valley Capital Partners purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $37,000. WFA of San Diego LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $40,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $48,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $52,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $96.10 on Wednesday. The company has a market capitalization of $40.08 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 $91.08 and a one year high of $97.77. The stock has a 50-day simple moving average of $96.86 and a 200 day simple moving average of $96.01.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th will be issued a $0.3127 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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.