Pinnacle Associates Ltd. Cuts Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pinnacle Associates Ltd. reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,068 shares of the exchange traded fund’s stock after selling 11,681 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $8,585,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IEF. Capital Investment Counsel Inc purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $25,000. Innealta Capital LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $28,000. Riggs Asset Managment Co. Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $36,000. Atlanta Consulting Group Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $43,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $43,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $94.57 on Thursday. The company has a market capitalization of $33.51 billion, a PE ratio of -21.67 and a beta of 0.05. The company has a fifty day moving average of $97.21 and a 200 day moving average of $95.09. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $89.56 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.2882 per share. The ex-dividend date was Tuesday, September 3rd.

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.