MassMutual Private Wealth & Trust FSB Cuts Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

MassMutual Private Wealth & Trust FSB decreased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 15.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,324 shares of the exchange traded fund’s stock after selling 1,469 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $770,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Purus Wealth Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $1,329,000. Gilman Hill Asset Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $231,000. Joule Financial LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.8% in the fourth quarter. Joule Financial LLC now owns 163,978 shares of the exchange traded fund’s stock worth $15,160,000 after acquiring an additional 4,503 shares in the last quarter. Avalon Advisory Group boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.4% in the fourth quarter. Avalon Advisory Group now owns 796,032 shares of the exchange traded fund’s stock valued at $73,593,000 after purchasing an additional 26,183 shares during the last quarter. Finally, Ballew Advisors Inc grew its stake in iShares 7-10 Year Treasury Bond ETF by 38.0% during the 4th quarter. Ballew Advisors Inc now owns 37,776 shares of the exchange traded fund’s stock valued at $3,444,000 after purchasing an additional 10,410 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

Shares of IEF opened at $92.76 on Wednesday. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The business’s 50 day moving average is $93.23 and its two-hundred day moving average is $95.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.3075 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a yield of 3.98%.

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.