Verus Capital Partners LLC Cuts Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Verus Capital Partners LLC lowered its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,506 shares of the exchange traded fund’s stock after selling 927 shares during the period. Verus Capital Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,249,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in IEF. Logan Capital Management Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $25,000. Montag A & Associates Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 160 shares during the period. BankPlus Trust Department bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $31,000. Hazlett Burt & Watson Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $34,000. Finally, Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.80 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The firm has a market cap of $32.66 billion, a PE ratio of -21.67 and a beta of 0.05. The business has a 50 day moving average price of $92.70 and a 200-day moving average price of $94.85.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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