iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. lessened its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,058 shares of the exchange traded fund’s stock after selling 250 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% during the 3rd quarter. Morgan Stanley now owns 15,447,394 shares of the exchange traded fund’s stock worth $1,414,827,000 after purchasing an additional 1,636,435 shares during the period. Baird Financial Group Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 1,494.7% during the fourth quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after buying an additional 1,614,158 shares during the period. International Assets Investment Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $128,523,000. GLOBALT Investments LLC GA purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $92,585,000. Finally, Advance Capital Management Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4,464.2% during the 4th quarter. Advance Capital Management Inc. now owns 885,731 shares of the exchange traded fund’s stock valued at $85,376,000 after acquiring an additional 866,325 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $94.15 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.86 and a 1 year high of $97.43. The company’s 50 day simple moving average is $93.00 and its 200 day simple moving average is $94.08. The stock has a market capitalization of $28.85 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.2764 per share. The ex-dividend date was Monday, June 3rd. This represents a $3.32 annualized dividend and a dividend yield of 3.52%.

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.