JPMorgan Chase & Co. Sells 595,394 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

JPMorgan Chase & Co. reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,683,350 shares of the exchange traded fund’s stock after selling 595,394 shares during the quarter. JPMorgan Chase & Co. owned 6.40% of iShares 7-10 Year Treasury Bond ETF worth $2,573,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. West Paces Advisors Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 7.9% in the 3rd quarter. West Paces Advisors Inc. now owns 286,817 shares of the exchange traded fund’s stock worth $27,666,000 after purchasing an additional 21,060 shares during the last quarter. Cadence Wealth Management LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 19.4% in the third quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock valued at $14,134,000 after buying an additional 23,819 shares during the period. WestEnd Advisors LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 13.9% during the third quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock worth $72,458,000 after buying an additional 91,530 shares during the last quarter. Capital Investment Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $631,000. Finally, Barings LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% in the 2nd quarter. Barings LLC now owns 642,944 shares of the exchange traded fund’s stock valued at $61,575,000 after acquiring an additional 13,550 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF opened at $97.21 on Monday. The firm’s 50 day simple moving average is $96.20 and its 200 day simple moving average is $96.41. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.76 and a fifty-two week high of $97.77. The company has a market capitalization of $47.48 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.312 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.9%.

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.