iShares 7-10 Year Treasury Bond ETF $IEF Stake Lowered by Prudential PLC

Prudential PLC reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 61.4% during the 4th quarter, HoldingsChannel reports. The fund owned 32,956 shares of the exchange traded fund’s stock after selling 52,500 shares during the period. Prudential PLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IEF. Elevated Capital Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $25,000. Balentine LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $29,000. Asset Dedication LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $29,000. Finally, Capital Investment Counsel Inc purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $31,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.5%

iShares 7-10 Year Treasury Bond ETF stock opened at $93.62 on Friday. The company’s fifty day simple moving average is $94.76 and its 200-day simple moving average is $95.84. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The stock has a market cap of $47.76 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3172 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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. 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.