iShares 7-10 Year Treasury Bond ETF $IEF is GenTrust LLC’s 8th Largest Position

GenTrust LLC trimmed its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 595,000 shares of the exchange traded fund’s stock after selling 80,715 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 2.7% of GenTrust LLC’s investment portfolio, making the stock its 8th largest holding. GenTrust LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $56,983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IEF. Wayfinding Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter valued at about $35,000. Morton Brown Family Wealth LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $42,000. Western Pacific Wealth Management LP purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $54,000. LRI Investments LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $64,000. Finally, Harbor Capital Advisors Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 141.4% during the second quarter. Harbor Capital Advisors Inc. now owns 700 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 410 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 Stock Down 0.3%

NASDAQ IEF opened at $97.40 on Friday. The stock has a market capitalization of $39.12 billion, a P/E ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $97.77. The firm has a 50-day moving average price of $96.52 and a 200 day moving average price of $95.27.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a dividend of $0.2945 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, 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.