Truist Financial Corp Lowers Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Truist Financial Corp trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,595,357 shares of the exchange traded fund’s stock after selling 54,335 shares during the period. Truist Financial Corp owned 0.51% of iShares 7-10 Year Treasury Bond ETF worth $149,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IEF. Tsfg LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 314.1% in the 1st quarter. Tsfg LLC now owns 265 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 201 shares in the last quarter. Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at approximately $28,000. Scarborough Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $32,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $36,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3 %

iShares 7-10 Year Treasury Bond ETF stock opened at $98.12 on Tuesday. The stock’s 50 day moving average is $97.32 and its 200 day moving average is $94.72. The company has a market capitalization of $30.57 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.86 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued 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.