SSI Investment Management LLC Lowers Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

SSI Investment Management LLC decreased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 22.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,660 shares of the exchange traded fund’s stock after selling 18,461 shares during the quarter. SSI Investment Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,025,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $25,000. Balentine LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $29,000. Asset Dedication LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $29,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 249.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $94.65 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04. The firm’s fifty day moving average is $94.88 and its 200 day moving average is $95.93. The stock has a market cap of $48.28 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a dividend of $0.3125 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.