American Institute for Advanced Investment Management LLP Sells 358 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

American Institute for Advanced Investment Management LLP decreased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.4% in the fourth quarter, Holdings Channel reports. The firm owned 5,207 shares of the exchange traded fund’s stock after selling 358 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $481,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IEF. Logan Capital Management Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth $34,000. Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth $35,000. Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $38,000. Finally, Rakuten Securities Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% in the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF opened at $92.97 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The stock’s 50-day simple moving average is $93.13 and its two-hundred day simple moving average is $95.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.3075 per share. This represents a $3.69 annualized dividend and a yield of 3.97%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Wednesday, December 18th.

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.