iShares 7-10 Year Treasury Bond ETF $IEF Stock Sold by Titleist Asset Management LLC

Titleist Asset Management LLC lowered its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,320 shares of the exchange traded fund’s stock after selling 9,248 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 1.1% of Titleist Asset Management LLC’s holdings, making the stock its 19th biggest holding. Titleist Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $16,908,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Windsor Advisory Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $27,000. Strive Financial Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 483.0% in the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 256 shares during the last quarter. Compass Financial Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $29,000. Navigoe LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth $33,000. Finally, Cape Investment Advisory Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $34,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF traded up $0.33 during trading on Thursday, reaching $89.44. The company’s stock had a trading volume of 5,932,524 shares, compared to its average volume of 8,763,444. The firm has a market cap of $41.64 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.64 and a twelve month high of $98.04. The business’s fifty day moving average price is $91.76 and its 200-day moving average price is $93.49.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.3069 dividend. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date was Thursday, October 1st. This represents a $3.68 annualized dividend and a yield of 4.1%.

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.