iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Position Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,217,969 shares of the exchange traded fund’s stock after selling 544,751 shares during the quarter. Envestnet Asset Management Inc. owned 3.55% of iShares 7-10 Year Treasury Bond ETF worth $1,129,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arete Wealth Advisors LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 198,084 shares of the exchange traded fund’s stock valued at $18,316,000 after purchasing an additional 977 shares during the last quarter. SevenBridge Financial Group LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 2.7% during the 4th quarter. SevenBridge Financial Group LLC now owns 33,786 shares of the exchange traded fund’s stock worth $3,138,000 after buying an additional 892 shares during the period. OneAscent Financial Services LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at about $453,000. DKM Wealth Management Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $484,000. Finally, Private Portfolio Partners LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.7% in the fourth quarter. Private Portfolio Partners LLC now owns 192,984 shares of the exchange traded fund’s stock worth $17,841,000 after acquiring an additional 3,197 shares in the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $96.56 on Friday. The company’s 50 day simple moving average is $94.18 and its 200-day simple moving average is $94.34. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The firm has a market capitalization of $35.79 billion, a P/E ratio of -22.63 and a beta of 0.23.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.3037 per share. This represents a $3.64 annualized dividend and a yield of 3.77%. The ex-dividend date was Tuesday, April 1st.

iShares 7-10 Year Treasury Bond ETF Company 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.