iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Sold by HCR Wealth Advisors

HCR Wealth Advisors decreased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 13.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,520 shares of the exchange traded fund’s stock after selling 3,000 shares during the quarter. HCR Wealth Advisors’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,712,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $34,000. Van ECK Associates Corp acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $35,000. Dunhill Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $38,000. Finally, Rakuten Securities Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 153 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $92.16 on Thursday. The company has a market capitalization of $31.23 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The business has a 50-day moving average of $93.33 and a 200-day moving average of $95.27.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.3075 per share. This represents a $3.69 annualized dividend and a yield of 4.00%. The ex-dividend date was Wednesday, December 18th. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.