Tennessee Valley Asset Management Partners Cuts Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Tennessee Valley Asset Management Partners lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,794 shares of the exchange traded fund’s stock after selling 3,520 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 1.0% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 18th largest position. Tennessee Valley Asset Management Partners’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of IEF. Logan Capital Management Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $34,000. Van ECK Associates Corp purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $35,000. Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $38,000. Finally, Rakuten Securities Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 45.1% in the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

IEF stock opened at $92.47 on Monday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The firm has a market capitalization of $31.56 billion, a P/E ratio of -21.67 and a beta of 0.05. The company has a fifty day simple moving average of $93.17 and a two-hundred day simple moving average of $95.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm 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. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.99%.

iShares 7-10 Year Treasury Bond ETF Company 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.