Tower Wealth Partners Inc. Cuts Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Tower Wealth Partners Inc. decreased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 28.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,944 shares of the exchange traded fund’s stock after selling 1,946 shares during the period. Tower Wealth Partners Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aveo Capital Partners LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 60.0% in the fourth quarter. Aveo Capital Partners LLC now owns 165,230 shares of the exchange traded fund’s stock worth $15,927,000 after acquiring an additional 61,940 shares in the last quarter. 9258 Wealth Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the 4th quarter. 9258 Wealth Management LLC now owns 108,605 shares of the exchange traded fund’s stock worth $10,468,000 after purchasing an additional 5,405 shares during the period. Rollins Financial purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $935,000. Brown Advisory Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 16.5% in the fourth quarter. Brown Advisory Inc. now owns 317,453 shares of the exchange traded fund’s stock valued at $30,599,000 after purchasing an additional 44,900 shares during the period. Finally, TrinityPoint Wealth LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 83.9% in the fourth quarter. TrinityPoint Wealth LLC now owns 33,371 shares of the exchange traded fund’s stock valued at $3,217,000 after purchasing an additional 15,222 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.3 %

Shares of IEF opened at $99.14 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.86 and a twelve month high of $99.18. The firm has a market capitalization of $30.89 billion, a P/E ratio of -21.67 and a beta of 0.05. The firm’s 50-day moving average is $96.65 and its two-hundred day moving average is $94.49.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.2882 dividend. The ex-dividend date was Tuesday, September 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.