Ridgewood Investments LLC Sells 1,107 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ridgewood Investments LLC reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,387 shares of the exchange traded fund’s stock after selling 1,107 shares during the quarter. Ridgewood Investments LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC boosted its position in shares of 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 acquiring an additional 21,282,662 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 37.5% during the third quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock worth $2,724,153,000 after acquiring an additional 7,579,169 shares during the last quarter. Bank of Montreal Can lifted its position in 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 valued at $757,694,000 after purchasing an additional 5,393,398 shares during the last quarter. Cerity Partners OCIO LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $225,675,000. Finally, Captrust Financial Advisors lifted its position in iShares 7-10 Year Treasury Bond ETF by 23.2% during 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 during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF traded down $0.53 during midday trading on Friday, hitting $91.47. The stock had a trading volume of 3,013,325 shares, compared to its average volume of 4,415,196. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The firm has a market cap of $31.04 billion, a PE ratio of -21.67 and a beta of 0.05. The stock’s 50 day moving average is $93.52 and its 200 day moving average is $95.33.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.3075 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.69 annualized dividend and a dividend yield of 4.03%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.