iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Position Lessened by Biltmore Wealth Management LLC

Biltmore Wealth Management LLC lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,686 shares of the exchange traded fund’s stock after selling 1,046 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 0.8% of Biltmore Wealth Management LLC’s holdings, making the stock its 16th largest position. Biltmore Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,833,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HBW Advisory Services LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth $204,000. Park Avenue Securities LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 53.7% in the third quarter. Park Avenue Securities LLC now owns 50,203 shares of the exchange traded fund’s stock worth $4,926,000 after purchasing an additional 17,535 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 228.1% in the third quarter. SG Americas Securities LLC now owns 425,699 shares of the exchange traded fund’s stock worth $41,770,000 after purchasing an additional 295,964 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 9,793 shares of the exchange traded fund’s stock worth $961,000 after purchasing an additional 471 shares in the last quarter. Finally, Alternative Investment Advisors LLC. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $5,511,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF traded down $0.94 on Friday, hitting $96.47. The company’s stock had a trading volume of 8,890,868 shares, compared to its average volume of 7,822,956. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $99.18. The company has a market capitalization of $33.45 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The stock’s 50-day moving average is $97.62 and its two-hundred day moving average is $94.84.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.2882 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.