Modern Wealth Management LLC Decreases Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Modern Wealth Management LLC lessened its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,552 shares of the exchange traded fund’s stock after selling 7,213 shares during the period. Modern Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $15,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. West Paces Advisors Inc. lifted its holdings in 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 valued at $27,666,000 after purchasing an additional 21,060 shares in the last quarter. Cadence Wealth Management LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 19.4% during the third quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock worth $14,134,000 after buying an additional 23,819 shares in the last quarter. WestEnd Advisors LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 13.9% in the third quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock valued at $72,458,000 after buying an additional 91,530 shares during the last quarter. Capital Investment Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $631,000. Finally, Barings LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% in the second quarter. Barings LLC now owns 642,944 shares of the exchange traded fund’s stock worth $61,575,000 after buying an additional 13,550 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1%

Shares of NASDAQ IEF opened at $96.45 on Friday. The stock has a market cap of $47.11 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.79 and a 12-month high of $98.04. The company has a 50-day moving average of $96.44 and a 200 day moving average of $96.58.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.2828 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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.