Hsbc Holdings PLC Lowers Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Hsbc Holdings PLC cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 24.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 302,912 shares of the exchange traded fund’s stock after selling 98,724 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $28,004,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $25,000. Montag A & Associates Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 160 shares during the period. BankPlus Trust Department acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $31,000. HM Payson & Co. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $40,000. Finally, Nemes Rush Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $42,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4 %

IEF stock opened at $95.21 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $99.18. The business’s 50-day moving average is $94.70 and its 200 day moving average is $93.98. The stock has a market cap of $34.55 billion, a price-to-earnings ratio of -22.31 and a beta of 0.23.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.3037 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Tuesday, April 1st.

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.