Systelligence LLC Reduces Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Systelligence LLC lessened its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 60.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 45,013 shares of the exchange traded fund’s stock after selling 69,870 shares during the period. Systelligence LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IEF. Logan Capital Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $25,000. Montag A & Associates Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 113.5% in the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 160 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. Finally, Dunhill Financial LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4 %

Shares of IEF stock opened at $93.32 on Monday. The firm has a 50-day moving average price of $92.75 and a 200 day moving average price of $95.02. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The company has a market capitalization of $32.15 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.2964 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

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.