Bowman & Co S.C. Lowers Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Bowman & Co S.C. decreased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,744 shares of the exchange traded fund’s stock after selling 383 shares during the period. Bowman & Co S.C.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% in the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after acquiring an additional 70,696 shares in the last quarter. Lake Hills Wealth Management LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 27.6% in the 3rd quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock worth $6,753,000 after purchasing an additional 14,906 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 62.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock valued at $1,913,000 after buying an additional 7,508 shares during the last quarter. Stablepoint Partners LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 34.3% during the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock worth $2,275,000 after buying an additional 5,916 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $35,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1 %

IEF stock opened at $92.45 on Friday. The firm has a market cap of $31.50 billion, a PE ratio of -21.67 and a beta of 0.05. The business has a 50 day moving average of $93.26 and a 200-day moving average of $95.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month 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 paid a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, December 18th. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.