Private Advisor Group LLC Sells 44,504 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Private Advisor Group LLC trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 29.0% in the fourth quarter, HoldingsChannel reports. The firm owned 108,897 shares of the exchange traded fund’s stock after selling 44,504 shares during the quarter. Private Advisor Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IEF. Logan Capital Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $25,000. Montag A & Associates Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 113.5% during the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 160 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $34,000. Van ECK Associates Corp bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Finally, Dunhill Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $93.16 on Friday. The stock has a market capitalization of $32.09 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The business’s fifty day moving average is $92.63 and its 200-day moving average is $94.94. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.2964 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 3rd.

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.