Cresset Asset Management LLC Has $13.57 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Cresset Asset Management LLC decreased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 37.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,663 shares of the exchange traded fund’s stock after selling 83,420 shares during the period. Cresset Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,568,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Grey Fox Wealth Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $27,000. Balentine LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 222 shares during the last quarter. Silicon Valley Capital Partners acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2%

NASDAQ:IEF opened at $96.81 on Thursday. The firm has a market capitalization of $47.28 billion, a P/E ratio of -22.00 and a beta of 0.26. The company has a fifty day moving average of $96.44 and a 200-day moving average of $96.57. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.79 and a twelve month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be paid a $0.2828 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

iShares 7-10 Year Treasury Bond ETF 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.