Traphagen Investment Advisors LLC Sells 1,786 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Traphagen Investment Advisors LLC lessened its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 30.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,126 shares of the exchange traded fund’s stock after selling 1,786 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 333,731.3% in the fourth quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after purchasing an additional 15,621,963 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $725,489,000. Fisher Asset Management LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 18.2% in the fourth quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after purchasing an additional 7,566,487 shares in the last quarter. Ausdal Financial Partners Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 3,365.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 640,710 shares of the exchange traded fund’s stock valued at $59,234,000 after purchasing an additional 622,224 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in iShares 7-10 Year Treasury Bond ETF by 3,920.2% in the fourth quarter. Focus Partners Wealth now owns 612,030 shares of the exchange traded fund’s stock valued at $56,595,000 after purchasing an additional 596,806 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $94.29 on Monday. The firm’s 50 day simple moving average is $94.33 and its 200 day simple moving average is $93.90. The company has a market capitalization of $34.13 billion, a P/E ratio of -22.00 and a beta of 0.05. 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 dividend of $0.3101 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Monday, June 2nd.

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.