Beacon Capital Management LLC Sells 250 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Beacon Capital Management LLC trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 32.2% in the second quarter, Holdings Channel reports. The fund owned 526 shares of the exchange traded fund’s stock after selling 250 shares during the quarter. Beacon Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $49,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $1,333,000. J.W. Cole Advisors Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 54.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 3,699 shares of the exchange traded fund’s stock worth $357,000 after purchasing an additional 1,303 shares during the last quarter. Bfsg LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $51,000. Simplex Trading LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $11,241,000. Finally, TAP Consulting LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% during the 4th quarter. TAP Consulting LLC now owns 74,868 shares of the exchange traded fund’s stock worth $7,217,000 after buying an additional 3,500 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.5 %

NASDAQ IEF opened at $97.79 on Friday. The firm has a market capitalization of $30.47 billion, a PE ratio of -21.67 and a beta of 0.05. The business’s 50-day moving average price is $95.35 and its two-hundred day moving average price is $94.03. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $98.58.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a $0.2891 dividend. The ex-dividend date was Thursday, August 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.47 annualized dividend and a yield of 3.55%.

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.