Pacifica Partners Inc. Sells 1,318 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pacifica Partners Inc. trimmed its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,537 shares of the exchange traded fund’s stock after selling 1,318 shares during the quarter. Pacifica Partners Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $697,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 104.5% during the third quarter. Fisher Asset Management LLC now owns 41,653,513 shares of the exchange traded fund’s stock worth $4,087,043,000 after buying an additional 21,282,662 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 37.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock valued at $2,724,153,000 after acquiring an additional 7,579,169 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% during the third quarter. Bank of Montreal Can now owns 7,700,921 shares of the exchange traded fund’s stock worth $757,694,000 after purchasing an additional 5,393,398 shares in the last quarter. Cerity Partners OCIO LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $225,675,000. Finally, Captrust Financial Advisors raised its stake in iShares 7-10 Year Treasury Bond ETF by 23.2% in the third quarter. Captrust Financial Advisors now owns 8,563,295 shares of the exchange traded fund’s stock valued at $840,232,000 after purchasing an additional 1,612,274 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $91.20 on Wednesday. The firm has a 50 day simple moving average of $93.35 and a two-hundred day simple moving average of $95.29. The stock has a market cap of $30.91 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.