Stephens Group Asset Management LLC Has $467,000 Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Stephens Group Asset Management LLC cut its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 28.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,895 shares of the exchange traded fund’s stock after selling 1,928 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises approximately 0.0% of Stephens Group Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Stephens Group Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $467,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of IEF. Nuveen Asset Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $4,006,000. Vontobel Holding Ltd. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 13.2% during the fourth quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 301 shares during the period. Northern Trust Corp raised its stake in iShares 7-10 Year Treasury Bond ETF by 947.5% during the fourth quarter. Northern Trust Corp now owns 107,540 shares of the exchange traded fund’s stock worth $9,942,000 after buying an additional 97,274 shares during the last quarter. Greatmark Investment Partners Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 1.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock valued at $3,153,000 after buying an additional 625 shares during the period. Finally, Portland Global Advisors LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 5.3% during the fourth quarter. Portland Global Advisors LLC now owns 183,848 shares of the exchange traded fund’s stock valued at $16,997,000 after acquiring an additional 9,264 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $94.23 on Thursday. The company has a market cap of $34.11 billion, a P/E ratio of -22.00 and a beta of 0.05. The business has a 50-day moving average price of $94.36 and a two-hundred day moving average price of $93.91. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were paid a $0.3101 dividend. This represents a $3.72 annualized dividend and a yield of 3.95%. The ex-dividend date was Monday, June 2nd.

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.