Avalon Capital Management Has $713,000 Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Avalon Capital Management decreased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 73.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,536 shares of the exchange traded fund’s stock after selling 20,516 shares during the quarter. Avalon Capital Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IEF. Truist Financial Corp boosted its position in iShares 7-10 Year Treasury Bond ETF by 43.6% during the 4th quarter. Truist Financial Corp now owns 1,562,835 shares of the exchange traded fund’s stock worth $150,642,000 after acquiring an additional 474,819 shares during the period. Orion Portfolio Solutions LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 93.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 78,333 shares of the exchange traded fund’s stock worth $7,493,000 after acquiring an additional 37,928 shares during the period. Capital Analysts LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 8.0% during the 4th quarter. Capital Analysts LLC now owns 28,773 shares of the exchange traded fund’s stock worth $2,773,000 after acquiring an additional 2,125 shares during the period. Bison Wealth LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $2,274,000. Finally, Simplicity Wealth LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 146.3% during the 4th quarter. Simplicity Wealth LLC now owns 11,425 shares of the exchange traded fund’s stock worth $1,101,000 after acquiring an additional 6,787 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5 %

NASDAQ IEF traded down $0.50 during trading on Friday, reaching $93.65. 6,032,414 shares of the company’s stock were exchanged, compared to its average volume of 7,917,411. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $97.19. The firm has a market capitalization of $28.69 billion, a PE ratio of -21.67 and a beta of 0.05. The company’s fifty day simple moving average is $93.04 and its 200-day simple moving average is $94.08.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.2764 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.32 annualized dividend and a dividend yield of 3.54%.

iShares 7-10 Year Treasury Bond ETF Company 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.