Members Trust Co Lowers Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Members Trust Co decreased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,233,300 shares of the exchange traded fund’s stock after selling 11,633 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 3.9% of Members Trust Co’s investment portfolio, making the stock its 10th largest position. Members Trust Co’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $118,594,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IEF. Fisher Asset Management LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 52.1% in the third quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock worth $8,455,919,000 after acquiring an additional 30,011,547 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock valued at $1,443,272,000 after acquiring an additional 3,291,267 shares during the period. Envestnet Asset Management Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,820,353 shares of the exchange traded fund’s stock valued at $1,236,651,000 after acquiring an additional 375,479 shares during the period. Captrust Financial Advisors increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after purchasing an additional 495,772 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the 3rd quarter. Raymond James Financial Inc. now owns 6,175,024 shares of the exchange traded fund’s stock worth $595,643,000 after purchasing an additional 290,351 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $95.44 on Wednesday. The stock has a market cap of $46.61 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock’s fifty day moving average is $96.21 and its 200 day moving average is $96.51. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.79 and a one year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.2828 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.