Thrivent Financial for Lutherans Has $2.39 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Thrivent Financial for Lutherans decreased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 91.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,387 shares of the exchange traded fund’s stock after selling 267,191 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,393,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Capital Investment Counsel Inc acquired a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $34,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $36,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.79 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The stock’s 50 day moving average price is $95.52 and its 200 day moving average price is $95.36. The company has a market capitalization of $33.67 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.2916 per share. This represents a $3.50 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, November 1st. 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.