Montecito Bank & Trust Trims Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Montecito Bank & Trust lowered its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,988 shares of the exchange traded fund’s stock after selling 609 shares during the period. Montecito Bank & Trust’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IEF. Diligent Investors LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.2% during the 4th quarter. Diligent Investors LLC now owns 2,777 shares of the exchange traded fund’s stock valued at $257,000 after buying an additional 112 shares during the period. Marcum Wealth LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 4.9% during the first quarter. Marcum Wealth LLC now owns 2,574 shares of the exchange traded fund’s stock valued at $245,000 after acquiring an additional 120 shares during the period. Continuum Advisory LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 1.0% during the fourth quarter. Continuum Advisory LLC now owns 13,580 shares of the exchange traded fund’s stock valued at $1,255,000 after acquiring an additional 138 shares during the period. Savant Capital LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 3.2% during the fourth quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock worth $412,000 after acquiring an additional 139 shares during the last quarter. Finally, Ibex Wealth Advisors raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.8% in the 1st quarter. Ibex Wealth Advisors now owns 18,521 shares of the exchange traded fund’s stock worth $1,766,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $94.02 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $99.18. The firm has a 50 day moving average price of $94.31 and a 200 day moving average price of $93.89. The company has a market cap of $34.04 billion, a PE ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a $0.3101 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Monday, June 2nd.

iShares 7-10 Year Treasury Bond ETF Company 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.