Spreng Capital Management Inc. Lowers Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Spreng Capital Management Inc. lowered its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,506 shares of the exchange traded fund’s stock after selling 508 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for 0.7% of Spreng Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Spreng Capital Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 72.9% in the first quarter. HB Wealth Management LLC now owns 4,851 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 2,046 shares during the period. GAMMA Investing LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 974.6% in the first quarter. GAMMA Investing LLC now owns 2,289 shares of the exchange traded fund’s stock valued at $218,000 after purchasing an additional 2,076 shares during the period. Independence Financial Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter valued at $14,612,000. Joel Adams & Associates Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.1% in the second quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 123 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock valued at $2,677,872,000 after purchasing an additional 1,333,142 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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

Shares of NASDAQ:IEF opened at $97.39 on Friday. The company has a market cap of $38.87 billion, a P/E ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.59. The business has a fifty day simple moving average of $96.35 and a 200-day simple moving average of $95.22.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.2945 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, October 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.