iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors reduced its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 50.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,133 shares of the exchange traded fund’s stock after selling 42,535 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,674,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IEF. Bank of America Corp DE increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after buying an additional 9,414,689 shares during the last quarter. Royal Bank of Canada grew its holdings in iShares 7-10 Year Treasury Bond ETF by 250.4% during the 1st quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after acquiring an additional 2,421,315 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $96,223,000. Eastern Bank increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 136.0% in the 3rd quarter. Eastern Bank now owns 1,346,447 shares of the exchange traded fund’s stock worth $120,251,000 after purchasing an additional 775,994 shares during the last quarter. Finally, Moore Capital Management LP bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $72,819,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $89.71 on Thursday. The firm has a market cap of $41.42 billion, a PE ratio of -22.00 and a beta of 0.26. The firm’s 50-day simple moving average is $91.40 and its 200-day simple moving average is $93.29. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.64 and a 1 year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.3069 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date was Thursday, October 1st.

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.