iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Position Lessened by Lewis Asset Management LLC

Lewis Asset Management LLC lowered its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,009 shares of the exchange traded fund’s stock after selling 627 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 1.4% of Lewis Asset Management LLC’s holdings, making the stock its 16th largest position. Lewis Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,850,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $34,000. Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $35,000. Dunhill Financial LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $38,000. Finally, Rakuten Securities Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 153 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $92.97 on Thursday. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The stock’s fifty day moving average is $93.13 and its 200-day moving average is $95.18. The company has a market capitalization of $31.88 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Wednesday, December 18th. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.