Atlas Brown Inc. Trims Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Atlas Brown Inc. trimmed its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,118 shares of the exchange traded fund’s stock after selling 362 shares during the quarter. Atlas Brown Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of IEF. CWM LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after purchasing an additional 70,696 shares during the period. Lake Hills Wealth Management LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% in the 3rd quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock valued at $6,753,000 after buying an additional 14,906 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% in the third quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock valued at $1,913,000 after buying an additional 7,508 shares in the last quarter. Stablepoint Partners LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 34.3% during the third quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock worth $2,275,000 after acquiring an additional 5,916 shares during the period. Finally, Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $35,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF traded down $0.71 during trading on Friday, hitting $91.29. 6,766,377 shares of the company were exchanged, compared to its average volume of 4,996,179. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The company has a market cap of $30.97 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The firm’s fifty day moving average price is $93.52 and its 200 day moving average price is $95.33.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a yield of 4.04%.

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.