Janney Capital Management LLC Sells 1,638 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Janney Capital Management LLC lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,210 shares of the exchange traded fund’s stock after selling 1,638 shares during the period. Janney Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IEF. Tsfg LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 314.1% in the 1st quarter. Tsfg LLC now owns 265 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 201 shares during the last quarter. GoalVest Advisory LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $26,000. Islay Capital Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. SouthState Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. Finally, CVA Family Office LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $30,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF traded up $0.52 during midday trading on Friday, reaching $94.16. 5,111,502 shares of the company’s stock traded hands, compared to its average volume of 7,910,540. The firm has a fifty day moving average of $93.23 and a two-hundred day moving average of $94.01. The stock has a market capitalization of $28.60 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $88.86 and a 52 week high of $97.19.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a dividend of $0.2851 per share. This represents a $3.42 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Monday, July 1st.

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.