Hsbc Holdings PLC Cuts Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Hsbc Holdings PLC lessened its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 38.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 573,295 shares of the exchange traded fund’s stock after selling 364,431 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of iShares 7-10 Year Treasury Bond ETF worth $53,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SkyOak Wealth LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 3.2% in the second quarter. SkyOak Wealth LLC now owns 77,646 shares of the exchange traded fund’s stock valued at $7,272,000 after purchasing an additional 2,388 shares during the last quarter. Waterloo Capital L.P. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $1,587,000. RPg Family Wealth Advisory LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 6.8% in the second quarter. RPg Family Wealth Advisory LLC now owns 76,544 shares of the exchange traded fund’s stock valued at $7,168,000 after purchasing an additional 4,871 shares during the last quarter. Financial & Tax Architects LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 2.4% in the second quarter. Financial & Tax Architects LLC now owns 187,184 shares of the exchange traded fund’s stock valued at $17,530,000 after purchasing an additional 4,462 shares during the last quarter. Finally, GDS Wealth Management lifted its stake in iShares 7-10 Year Treasury Bond ETF by 19.0% in the second quarter. GDS Wealth Management now owns 156,224 shares of the exchange traded fund’s stock valued at $14,630,000 after purchasing an additional 24,941 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 Price Performance

NASDAQ:IEF opened at $98.42 on Friday. The company has a market cap of $30.67 billion, a P/E ratio of -21.67 and a beta of 0.05. The stock’s fifty day moving average price is $96.98 and its two-hundred day moving average price is $94.61. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.86 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given 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.