Alpha Cubed Investments LLC Cuts Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Alpha Cubed Investments LLC trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,461 shares of the exchange traded fund’s stock after selling 785 shares during the quarter. Alpha Cubed Investments LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Logan Capital Management Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $34,000. Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Dunhill Financial LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $38,000. Finally, Rakuten Securities Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% during the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 153 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 Up 0.3 %

Shares of NASDAQ IEF opened at $92.76 on Wednesday. The firm has a 50-day simple moving average of $93.23 and a 200-day simple moving average of $95.26. The stock has a market capitalization of $31.66 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.3075 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a yield of 3.98%.

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.