Sowell Financial Services LLC Has $424,000 Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Sowell Financial Services LLC decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 71.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,394 shares of the exchange traded fund’s stock after selling 11,209 shares during the period. Sowell Financial Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Silicon Valley Capital Partners bought a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $37,000. WFA of San Diego LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $40,000. Richards Merrill & Peterson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $48,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $52,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3%

NASDAQ:IEF opened at $96.16 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $97.77. The firm has a market capitalization of $40.11 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The business’s 50-day moving average price is $96.70 and its two-hundred day moving average price is $96.09.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.3127 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.