iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Sold by Prudent Investors Network Inc.

Prudent Investors Network Inc. reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 15.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,860 shares of the exchange traded fund’s stock after selling 49,057 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 7.8% of Prudent Investors Network Inc.’s portfolio, making the stock its 3rd biggest position. Prudent Investors Network Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $25,399,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Harvest Portfolios Group Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 117.3% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 956,717 shares of the exchange traded fund’s stock valued at $93,873,000 after buying an additional 516,428 shares during the period. Flagship Private Wealth LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $1,297,000. Tobias Financial Advisors Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 6.3% during the third quarter. Tobias Financial Advisors Inc. now owns 353,450 shares of the exchange traded fund’s stock worth $34,680,000 after purchasing an additional 21,014 shares during the last quarter. Crescent Grove Advisors LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 7.0% during the third quarter. Crescent Grove Advisors LLC now owns 3,150 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 205 shares during the period. Finally, Focused Wealth Management Inc increased its position in iShares 7-10 Year Treasury Bond ETF by 33.2% during the third quarter. Focused Wealth Management Inc now owns 13,689 shares of the exchange traded fund’s stock worth $1,343,000 after buying an additional 3,412 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Down 1.0 %

IEF opened at $93.25 on Thursday. The firm has a market cap of $33.12 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The business’s 50 day moving average is $96.78 and its two-hundred day moving average is $95.17. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $90.68 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.2916 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.75%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.