iShares 7-10 Year Treasury Bond ETF $IEF Stock: James Investment Research Inc. Lowers Holdings

James Investment Research Inc. lessened its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,790 shares of the exchange traded fund’s stock after selling 6,472 shares during the quarter. James Investment Research Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IEF. IMC Chicago LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 58.2% during the second quarter. IMC Chicago LLC now owns 55,388 shares of the exchange traded fund’s stock worth $5,238,000 after purchasing an additional 20,379 shares during the last quarter. Centerline Wealth Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $2,636,000. Resonant Capital Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth approximately $1,868,000. Silverleafe Capital Partners LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $15,876,000. Finally, Innova Wealth Partners boosted its position in iShares 7-10 Year Treasury Bond ETF by 1,282.5% during the first quarter. Innova Wealth Partners now owns 68,159 shares of the exchange traded fund’s stock worth $6,505,000 after acquiring an additional 63,229 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2%

NASDAQ:IEF opened at $91.05 on Friday. The firm’s 50 day moving average is $91.05 and its two-hundred day moving average is $93.08. The company has a market cap of $41.70 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.3069 per share. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.68 annualized dividend 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.