Forte Asset Management LLC Decreases Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Forte Asset Management LLC lessened its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,754 shares of the exchange traded fund’s stock after selling 2,678 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.9% of Forte Asset Management LLC’s portfolio, making the stock its 20th biggest holding. Forte Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,791,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IEF. Trivant Custom Portfolio Group LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 72.2% during the 1st quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 127 shares during the period. Wayfinding Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at approximately $35,000. Wood Tarver Financial Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $37,000. Park Square Financial Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $37,000. Finally, Menard Financial Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $94.76 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.08 and a fifty-two week high of $99.18. The firm has a market capitalization of $34.49 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05. The stock’s fifty day moving average is $94.46 and its two-hundred day moving average is $93.96.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, July 1st will be paid a $0.3032 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.28. The ex-dividend date is Tuesday, July 1st.

iShares 7-10 Year Treasury Bond ETF 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.