iShares 7-10 Year Treasury Bond ETF $IEF Stock Position Lowered by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 16.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 301,057 shares of the exchange traded fund’s stock after selling 59,926 shares during the period. HighTower Advisors LLC owned about 0.06% of iShares 7-10 Year Treasury Bond ETF worth $28,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $25,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $27,000. Asset Dedication LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Finally, Balentine LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $93.88 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.94 and a 1 year high of $98.04. The company has a market cap of $47.89 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock has a 50-day moving average price of $95.03 and a 200 day moving average price of $96.01.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.3125 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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. 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.