Financial Advocates Investment Management Sells 23,639 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Financial Advocates Investment Management decreased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 49.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,395 shares of the exchange traded fund’s stock after selling 23,639 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 1.3% of Financial Advocates Investment Management’s portfolio, making the stock its 26th largest position. Financial Advocates Investment Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

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

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $96.83 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.70 and a 52 week high of $97.77. The firm has a 50-day moving average price of $96.18 and a two-hundred day moving average price of $96.38. The firm has a market cap of $47.29 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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. 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.