Kaydan Wealth Management Inc. Trims Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Kaydan Wealth Management Inc. cut its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEFFree Report) by 38.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,262 shares of the exchange traded fund’s stock after selling 74,579 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 3.4% of Kaydan Wealth Management Inc.’s portfolio, making the stock its 9th biggest position. Kaydan Wealth Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Windsor Advisory Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $28,000. Strive Financial Group LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 483.0% in the second quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 256 shares during the last quarter. Compass Financial Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $29,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.0%

Shares of IEF opened at $92.25 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.04 and a twelve month high of $98.04. The company has a market cap of $46.81 billion, a P/E ratio of -22.00 and a beta of 0.26. The company’s fifty day simple moving average is $93.27 and its 200-day simple moving average is $94.53.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.332 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, September 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32.

iShares 7-10 Year Treasury Bond ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

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