iShares 7-10 Year Treasury Bond ETF $IEF Stock Position Decreased by Pacific Wealth Management

Pacific Wealth Management cut its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 35.8% in the third quarter, HoldingsChannel reports. The fund owned 101,981 shares of the exchange traded fund’s stock after selling 56,930 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up approximately 7.3% of Pacific Wealth Management’s holdings, making the stock its 5th largest holding. Pacific Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IEF. JPMorgan Chase & Co. raised its stake in iShares 7-10 Year Treasury Bond ETF by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock worth $3,287,698,000 after acquiring an additional 7,506,518 shares during the period. Bank of America Corp DE boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after purchasing an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock worth $1,454,685,000 after purchasing an additional 630,060 shares during the period. Blue Trust Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.8% in the first quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock worth $618,065,000 after purchasing an additional 354,797 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% in the fourth quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock worth $555,901,000 after purchasing an additional 666,409 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 Price Performance

Shares of IEF stock traded down $0.13 on Monday, hitting $88.92. 11,068,846 shares of the stock traded hands, compared to its average volume of 8,766,093. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $88.64 and a 52 week high of $98.04. The firm has a 50 day simple moving average of $92.02 and a two-hundred day simple moving average of $93.63. The firm has a market cap of $41.37 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.3069 per share. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 1st.

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.