Bowman & Co S.C. Sells 433 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Bowman & Co S.C. reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,459 shares of the exchange traded fund’s stock after selling 433 shares during the quarter. Bowman & Co S.C.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1,494.7% during the 4th quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after buying an additional 1,614,158 shares during the last quarter. GLOBALT Investments LLC GA bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $92,585,000. Janney Montgomery Scott LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 111.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,374,256 shares of the exchange traded fund’s stock valued at $132,465,000 after purchasing an additional 723,830 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% during the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after purchasing an additional 662,293 shares during the last quarter. Finally, Tanglewood Wealth Management Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $56,282,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.5 %

NASDAQ:IEF traded up $0.45 on Friday, hitting $97.79. The company had a trading volume of 5,463,045 shares, compared to its average volume of 7,588,222. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $88.86 and a 52 week high of $98.58. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The firm has a 50 day moving average of $95.35 and a two-hundred day moving average of $94.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.2891 per share. The ex-dividend date of this dividend was Thursday, August 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.47 annualized dividend and a dividend yield of 3.55%.

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.