Litman Gregory Wealth Management LLC Reduces Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Litman Gregory Wealth Management LLC reduced its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,000 shares of the exchange traded fund’s stock after selling 808 shares during the period. Litman Gregory Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,280,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Diversify Advisory Services LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $1,169,000. Values First Advisors Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.4% during the second quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock worth $3,023,000 after buying an additional 1,365 shares in the last quarter. Stanley Laman Group Ltd. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $274,000. Raymond James & Associates boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.6% during the second quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock worth $594,383,000 after buying an additional 281,554 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $1,016,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF traded down $0.27 during mid-day trading on Wednesday, reaching $94.84. 2,095,099 shares of the stock were exchanged, compared to its average volume of 7,695,221. The business’s 50 day moving average is $97.45 and its 200-day moving average is $95.01. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $89.15 and a 1 year high of $99.18. The company has a market capitalization of $33.36 billion, a P/E ratio of -21.67 and a beta of 0.05.

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 dividend of $0.2882 per share. 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.