Exchange Traded Concepts LLC Sells 10,544 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Exchange Traded Concepts LLC trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.5% during the 2nd quarter, Holdings Channel reports. The fund owned 182,904 shares of the exchange traded fund’s stock after selling 10,544 shares during the period. Exchange Traded Concepts LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $17,297,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Wealth Partners LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 159.7% during the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after buying an additional 13,298 shares during the period. Merit Financial Group LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 415.4% in the fourth quarter. Merit Financial Group LLC now owns 11,417 shares of the exchange traded fund’s stock worth $1,098,000 after buying an additional 9,202 shares in the last quarter. Jessup Wealth Management Inc lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% during the fourth quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock worth $11,011,000 after buying an additional 5,384 shares during the period. Arkos Global Advisors lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 5.2% during the fourth quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock worth $57,530,000 after buying an additional 29,597 shares during the period. Finally, Innova Wealth Partners boosted its position in iShares 7-10 Year Treasury Bond ETF by 1,282.5% during the 1st quarter. Innova Wealth Partners now owns 68,159 shares of the exchange traded fund’s stock valued at $6,505,000 after acquiring an additional 63,229 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 0.4%

Shares of NASDAQ:IEF opened at $93.30 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.69 and a 12-month high of $98.04. The business’s fifty day simple moving average is $93.71 and its 200-day simple moving average is $94.88. The company has a market capitalization of $47.34 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a dividend of $0.3175 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.