Spire Wealth Management Reduces Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Spire Wealth Management lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 104,614 shares of the exchange traded fund’s stock after selling 3,025 shares during the quarter. Spire Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GoalVest Advisory LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $26,000. Nemes Rush Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $25,000. SouthState Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $29,000. Islay Capital Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $29,000. Finally, Oakworth Capital Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% during the fourth quarter. Oakworth Capital Inc. now owns 307 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.6 %

Shares of IEF stock traded up $0.51 on Friday, reaching $92.46. 8,501,120 shares of the company’s stock were exchanged, compared to its average volume of 8,849,194. The company’s fifty day simple moving average is $93.29 and its 200 day simple moving average is $93.70. The stock has a market capitalization of $28.45 billion, a PE ratio of -21.67 and a beta of 0.17. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $88.86 and a 52 week high of $100.80.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.2709 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, May 1st.

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.