Cabana LLC Sells 422 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Cabana LLC cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,297 shares of the exchange traded fund’s stock after selling 422 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 1.8% of Cabana LLC’s holdings, making the stock its 11th biggest holding. Cabana LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Values First Advisors Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 4.4% during the 2nd quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock valued at $3,023,000 after purchasing an additional 1,365 shares during the last quarter. Stanley Laman Group Ltd. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $274,000. Raymond James & Associates boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.6% during the 2nd quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock valued at $594,383,000 after acquiring an additional 281,554 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $1,016,000. Finally, CWM LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% during the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after acquiring an additional 70,696 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.6 %

Shares of NASDAQ IEF traded down $0.56 during trading on Friday, reaching $93.67. 15,659,471 shares of the company traded hands, compared to its average volume of 7,731,344. The firm has a 50 day simple moving average of $97.01 and a 200-day simple moving average of $95.10. The stock has a market capitalization of $33.35 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $90.68 and a 52-week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be paid a $0.2916 dividend. This represents a $3.50 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Friday, November 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

iShares 7-10 Year Treasury Bond ETF Company 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.