Prime Capital Investment Advisors LLC Sells 171,416 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Prime Capital Investment Advisors LLC cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 38.7% in the third quarter, Holdings Channel.com reports. The fund owned 272,048 shares of the exchange traded fund’s stock after selling 171,416 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $26,242,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IEF. Fisher Asset Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% in the second quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock worth $5,521,226,000 after purchasing an additional 2,686,141 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,820,353 shares of the exchange traded fund’s stock worth $1,236,651,000 after acquiring an additional 375,479 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,659,314 shares of the exchange traded fund’s stock worth $1,094,373,000 after acquiring an additional 434,320 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock valued at $956,908,000 after acquiring an additional 495,772 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6.4% in the 3rd quarter. Blue Trust Inc. now owns 5,952,613 shares of the exchange traded fund’s stock valued at $574,189,000 after acquiring an additional 359,889 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $96.07 on Friday. The business has a 50 day moving average price of $96.24 and a 200 day moving average price of $96.32. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.08 and a twelve month high of $97.77. The firm has a market cap of $46.92 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.312 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, February 2nd.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.