iShares 7-10 Year Treasury Bond ETF $IEF Stock: IFP Advisors Inc Decreases Stake

IFP Advisors Inc reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.5% in the third quarter, Holdings Channel reports. The firm owned 436,490 shares of the exchange traded fund’s stock after selling 30,537 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 0.7% of IFP Advisors Inc’s holdings, making the stock its 18th largest position. IFP Advisors Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $38,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Windsor Advisory Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth about $27,000. Strive Financial Group LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 483.0% during the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 256 shares in the last quarter. Compass Financial Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $29,000. Navigoe LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at about $33,000. Finally, Cape Investment Advisory Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $34,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $90.42 on Friday. The stock has a market cap of $41.53 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.64 and a 1 year high of $98.04. The firm has a 50-day moving average of $91.29 and a two-hundred day moving average of $93.24.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.3069 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.1%. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date of this dividend 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.