iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Members Trust Co

Members Trust Co reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 24.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,248,991 shares of the exchange traded fund’s stock after selling 398,507 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 4.1% of Members Trust Co’s investment portfolio, making the stock its 9th biggest holding. Members Trust Co’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $119,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $95,000. Cullen Frost Bankers Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 18.7% during the second quarter. Cullen Frost Bankers Inc. now owns 22,878 shares of the exchange traded fund’s stock worth $2,191,000 after buying an additional 3,608 shares during the period. Bogart Wealth LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.9% during the second quarter. Bogart Wealth LLC now owns 473,594 shares of the exchange traded fund’s stock worth $45,356,000 after buying an additional 13,511 shares during the period. First Interstate Bank acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $5,268,000. Finally, WBH Advisory Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 73.9% during the second quarter. WBH Advisory Inc. now owns 18,480 shares of the exchange traded fund’s stock worth $1,770,000 after buying an additional 7,854 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $97.70 on Wednesday. The stock has a 50 day moving average price of $96.44 and a 200 day moving average price of $95.24. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77. The stock has a market capitalization of $39.24 billion, a PE ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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.