Foundations Investment Advisors LLC Decreases Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Foundations Investment Advisors LLC lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 24.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 61,656 shares of the exchange traded fund’s stock after selling 20,022 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,929,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IEF. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Balentine LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Asset Dedication LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 249.4% during the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.2%

IEF stock opened at $94.54 on Friday. The company has a market cap of $48.22 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04. The company’s 50-day moving average price is $94.90 and its 200 day moving average price is $95.94.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.