Howe & Rusling Inc. Decreases Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Howe & Rusling Inc. lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 20.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,334 shares of the exchange traded fund’s stock after selling 346 shares during the quarter. Howe & Rusling Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IEF. Capital Investment Counsel Inc purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $25,000. Innealta Capital LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $28,000. Hazlett Burt & Watson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $34,000. Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $35,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $36,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $93.59 on Thursday. The stock has a 50 day moving average price of $96.01 and a 200 day moving average price of $95.31. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The stock has a market capitalization of $33.24 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 disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.2916 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 Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a yield of 3.74%.

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.