Geneos Wealth Management Inc. Decreases Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Geneos Wealth Management Inc. trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 13.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,159 shares of the exchange traded fund’s stock after selling 6,130 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,669,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. West Paces Advisors Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 7.9% during 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 period. Cadence Wealth Management LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 19.4% during the 3rd quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock worth $14,134,000 after purchasing an additional 23,819 shares during the period. WestEnd Advisors LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 13.9% during the 3rd quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock worth $72,458,000 after purchasing an additional 91,530 shares during the period. Capital Investment Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $631,000. Finally, Arkos Global Advisors grew its position in iShares 7-10 Year Treasury Bond ETF by 4.0% during the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock worth $54,855,000 after purchasing an additional 21,893 shares during the period. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $95.56 on Friday. The business’s 50-day moving average is $95.99 and its two-hundred day moving average is $96.36. The company has a market capitalization of $48.56 billion, a P/E ratio of -22.00 and a beta of 0.28. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $93.03 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.3172 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.0%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28.

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.