Strategy Asset Managers LLC Sells 2,484 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Strategy Asset Managers LLC trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 46.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,911 shares of the exchange traded fund’s stock after selling 2,484 shares during the quarter. Strategy Asset Managers LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $286,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Cerity Partners OCIO LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $225,675,000. Ameriprise Financial Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 10.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock worth $1,060,398,000 after purchasing an additional 1,082,837 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% in the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after purchasing an additional 662,293 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock valued at $1,212,164,000 after purchasing an additional 610,635 shares in the last quarter. Finally, LPL Financial LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 17.6% in the 2nd quarter. LPL Financial LLC now owns 3,452,784 shares of the exchange traded fund’s stock valued at $323,353,000 after buying an additional 517,532 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1 %

Shares of IEF opened at $93.59 on Thursday. The company has a 50 day moving average of $96.01 and a 200-day moving average of $95.31. The stock has a market capitalization of $33.24 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.2916 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a yield of 3.74%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.