IPG Investment Advisors LLC Sells 36,696 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

IPG Investment Advisors LLC lowered its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 33.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 71,994 shares of the exchange traded fund’s stock after selling 36,696 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 0.9% of IPG Investment Advisors LLC’s holdings, making the stock its 28th largest holding. IPG Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,430,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in iShares 7-10 Year Treasury Bond ETF by 69.8% during the 1st 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 acquiring an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after purchasing an additional 630,060 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock valued at $479,282,000 after purchasing an additional 217,157 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 2.2% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,399,251 shares of the exchange traded fund’s stock valued at $304,008,000 after purchasing an additional 73,935 shares during the period. Finally, Royal Bank of Canada grew its position in shares of 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 valued at $323,377,000 after purchasing an additional 2,421,315 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $91.16 on Wednesday. The firm has a market capitalization of $43.27 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04. The company has a fifty day moving average price of $90.82 and a 200-day moving average price of $93.83.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a dividend of $0.3115 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. This represents a $3.74 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, November 2nd.

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.