Riggs Asset Managment Co. Inc. Sells 8,497 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Riggs Asset Managment Co. Inc. reduced its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,831 shares of the exchange traded fund’s stock after selling 8,497 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 1.4% of Riggs Asset Managment Co. Inc.’s portfolio, making the stock its 26th biggest holding. Riggs Asset Managment Co. Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IEF. Bank of New York Mellon Corp boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 19.7% during the 4th quarter. Bank of New York Mellon Corp now owns 195,882 shares of the exchange traded fund’s stock worth $18,109,000 after acquiring an additional 32,248 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 12.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 12,421 shares of the exchange traded fund’s stock worth $1,148,000 after acquiring an additional 1,391 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 9.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,342,461 shares of the exchange traded fund’s stock worth $238,974,000 after acquiring an additional 211,314 shares during the period. HM Payson & Co. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $40,000. Finally, Larson Financial Group LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 101.6% during the 4th quarter. Larson Financial Group LLC now owns 3,298 shares of the exchange traded fund’s stock worth $305,000 after acquiring an additional 1,662 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.4%

Shares of NASDAQ IEF opened at $94.76 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.08 and a 12 month high of $99.18. The stock has a 50 day moving average of $94.46 and a 200-day moving average of $93.96. The company has a market capitalization of $34.49 billion, a P/E ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.