Dynamic Wealth Strategies LLC Decreases Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Dynamic Wealth Strategies LLC cut its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,846 shares of the exchange traded fund’s stock after selling 7,358 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 1.2% of Dynamic Wealth Strategies LLC’s investment portfolio, making the stock its 20th biggest holding. Dynamic Wealth Strategies LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IEF. Elevated Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $31,000. Finally, McIlrath & Eck LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 882.4% in the 4th quarter. McIlrath & Eck LLC now owns 334 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 300 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 Trading Down 0.2%

iShares 7-10 Year Treasury Bond ETF stock opened at $93.10 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04. The stock has a market cap of $47.15 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock has a 50 day moving average of $94.00 and a 200-day moving average of $95.22.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.3111 dividend. The ex-dividend date was Wednesday, July 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. 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.