United Asset Strategies Inc. Decreases Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

United Asset Strategies Inc. decreased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,552 shares of the exchange traded fund’s stock after selling 176 shares during the quarter. United Asset Strategies Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,438,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IEF. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Van ECK Associates Corp purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $35,000. Dunhill Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $38,000. Finally, Rakuten Securities Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF opened at $92.47 on Monday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The firm has a market capitalization of $31.56 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The business’s 50 day simple moving average is $93.17 and its 200-day simple moving average is $95.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th.

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.