Wallace Advisory Group LLC Sells 247 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Wallace Advisory Group LLC decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,941 shares of the exchange traded fund’s stock after selling 247 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 1.3% of Wallace Advisory Group LLC’s portfolio, making the stock its 14th biggest position. Wallace Advisory Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,867,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 314.1% during the 1st quarter. Tsfg LLC now owns 265 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 201 shares during the period. Capital Investment Counsel Inc purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $25,000. Innealta Capital LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $28,000. Scarborough Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $32,000. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $36,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock traded down $0.94 on Friday, hitting $96.47. The company had a trading volume of 8,890,868 shares, compared to its average volume of 7,822,956. The stock has a market capitalization of $33.45 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The stock has a 50 day moving average of $97.62 and a 200-day moving average of $94.84. 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 firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.2882 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares 7-10 Year Treasury Bond ETF Profile

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.