Advisor Resource Council Trims Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Advisor Resource Council trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 75.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,618 shares of the exchange traded fund’s stock after selling 8,063 shares during the period. Advisor Resource Council’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IEF. Morgan Stanley grew its stake in iShares 7-10 Year Treasury Bond ETF by 11.8% in the third quarter. Morgan Stanley now owns 15,447,394 shares of the exchange traded fund’s stock worth $1,414,827,000 after purchasing an additional 1,636,435 shares during the period. Baird Financial Group Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 1,494.7% in the fourth quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after purchasing an additional 1,614,158 shares during the period. International Assets Investment Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $128,523,000. GLOBALT Investments LLC GA purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $92,585,000. Finally, Advance Capital Management Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4,464.2% in the fourth quarter. Advance Capital Management Inc. now owns 885,731 shares of the exchange traded fund’s stock worth $85,376,000 after acquiring an additional 866,325 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.7 %

Shares of NASDAQ IEF traded up $0.62 during trading on Thursday, reaching $93.64. The company had a trading volume of 3,860,957 shares, compared to its average volume of 7,932,900. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $97.19. The stock has a market cap of $28.69 billion, a PE ratio of -21.67 and a beta of 0.05. The business’s 50-day moving average is $93.13 and its 200 day moving average is $94.02.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be paid a $0.2851 dividend. The ex-dividend date is Monday, July 1st. This represents a $3.42 dividend on an annualized basis and a dividend yield of 3.65%.

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.