Middleton & Co. Inc. MA trimmed its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) by 12.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 110,634 shares of the exchange traded fund’s stock after selling 15,967 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 1.0% of Middleton & Co. Inc. MA’s investment portfolio, making the stock its 29th biggest position. Middleton & Co. Inc. MA’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,881,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of IEF. Bank of America Corp DE raised its position in iShares 7-10 Year Treasury Bond ETF by 69.8% in the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after purchasing an additional 9,414,689 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after buying an additional 630,060 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock worth $479,282,000 after buying an additional 217,157 shares in the last quarter. Royal Bank of Canada grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% during the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after buying an additional 2,421,315 shares in the last quarter. Finally, Wealthcare Capital Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.8% during the second quarter. Wealthcare Capital Management LLC now owns 1,843,045 shares of the exchange traded fund’s stock worth $174,297,000 after buying an additional 32,242 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.
iShares 7-10 Year Treasury Bond ETF Stock Performance
IEF stock opened at $91.05 on Friday. The company’s 50 day moving average price is $91.05 and its 200 day moving average price is $93.08. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04. The firm has a market capitalization of $41.70 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.
iShares 7-10 Year Treasury Bond ETF Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.3069 dividend. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, 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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.
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