Traphagen Investment Advisors LLC Lowers Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Traphagen Investment Advisors LLC lessened its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,807 shares of the exchange traded fund’s stock after selling 319 shares during the period. Traphagen Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $365,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 72.2% in the 1st quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 127 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth approximately $35,000. Morton Brown Family Wealth LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth approximately $42,000. Beacon Capital Management LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 172.9% in the 1st quarter. Beacon Capital Management LLC now owns 554 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 351 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2%

NASDAQ:IEF opened at $96.36 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.51. The firm has a 50 day moving average of $96.11 and a 200 day moving average of $95.11. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a dividend of $0.2945 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

iShares 7-10 Year Treasury Bond ETF 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.