Meeder Asset Management Inc. Sells 455,682 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Meeder Asset Management Inc. reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 69.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,525 shares of the exchange traded fund’s stock after selling 455,682 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.1% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 19th largest position. Meeder Asset Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Balefire LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 93.4% in the 1st quarter. Balefire LLC now owns 22,810 shares of the exchange traded fund’s stock valued at $2,177,000 after buying an additional 11,014 shares during the period. AlphaCentric Advisors LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 170.9% during the first quarter. AlphaCentric Advisors LLC now owns 8,031 shares of the exchange traded fund’s stock worth $766,000 after acquiring an additional 5,066 shares during the period. Greenwood Gearhart LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 9.5% during the first quarter. Greenwood Gearhart LLC now owns 798,912 shares of the exchange traded fund’s stock worth $76,248,000 after acquiring an additional 69,634 shares during the period. Marshall & Sterling Wealth Advisors Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 137.6% during the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 32,652 shares of the exchange traded fund’s stock worth $3,116,000 after acquiring an additional 18,912 shares during the period. Finally, Regimen Wealth LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 11.1% during the first quarter. Regimen Wealth LLC now owns 3,241 shares of the exchange traded fund’s stock valued at $309,000 after acquiring an additional 323 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $93.84 on Monday. The firm has a market capitalization of $47.29 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a 50 day moving average price of $94.07 and a 200 day moving average price of $95.29. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.94 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3111 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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.