Strategic Point Investment Advisors LLC Sells 118,675 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Strategic Point Investment Advisors LLC trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 44.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 148,265 shares of the exchange traded fund’s stock after selling 118,675 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises approximately 2.2% of Strategic Point Investment Advisors LLC’s holdings, making the stock its 17th largest holding. Strategic Point Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IEF. CWM LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after acquiring an additional 70,696 shares during the period. Lake Hills Wealth Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% in the 3rd quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock valued at $6,753,000 after purchasing an additional 14,906 shares during the period. Axxcess Wealth Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 62.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after purchasing an additional 7,508 shares in the last quarter. Stablepoint Partners LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 34.3% during the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock worth $2,275,000 after buying an additional 5,916 shares during the period. Finally, Van ECK Associates Corp bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $35,000. 81.48% of the stock is owned by institutional investors and hedge funds.

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

Shares of IEF stock opened at $93.17 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The firm has a fifty day moving average of $93.13 and a 200-day moving average of $95.18. The company has a market capitalization of $31.95 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.96%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Wednesday, December 18th.

iShares 7-10 Year Treasury Bond ETF 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.