Mount Lucas Management LP Decreases Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Mount Lucas Management LP reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 42.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,572 shares of the exchange traded fund’s stock after selling 21,114 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 1.1% of Mount Lucas Management LP’s portfolio, making the stock its 15th largest holding. Mount Lucas Management LP’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IEF. Grey Fox Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $27,000. Balentine LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $37,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $97.42 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.79 and a 1 year high of $97.77. The stock’s fifty day moving average price is $96.32 and its two-hundred day moving average price is $96.50. The company has a market cap of $47.58 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.312 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.