King Wealth Management Group Trims Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

King Wealth Management Group lowered its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,211 shares of the exchange traded fund’s stock after selling 509 shares during the period. King Wealth Management Group’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEF. Envestnet Asset Management Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 5.0% in the 2nd 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 acquiring an additional 610,635 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock worth $1,060,398,000 after acquiring an additional 1,082,837 shares during the period. Raymond James & Associates raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.8% during the third quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock valued at $646,346,000 after purchasing an additional 240,449 shares during the last quarter. Captrust Financial Advisors lifted its position in iShares 7-10 Year Treasury Bond ETF by 11.8% during the first 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. Finally, Blue Trust Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.5% in the third quarter. Blue Trust Inc. now owns 5,000,349 shares of the exchange traded fund’s stock worth $468,283,000 after purchasing an additional 168,097 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.0 %

Shares of IEF opened at $93.28 on Friday. The firm has a fifty day simple moving average of $96.42 and a two-hundred day simple moving average of $95.24. The firm has a market cap of $33.13 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.2916 per share. The ex-dividend date was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.75%. This is a positive change 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.