Alpha Cubed Investments LLC Trims Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Alpha Cubed Investments LLC reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 24.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,461 shares of the exchange traded fund’s stock after selling 785 shares during the period. Alpha Cubed Investments LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $228,000 at the end of the most recent quarter.

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

iShares 7-10 Year Treasury Bond ETF Trading Up 0.3 %

Shares of IEF opened at $92.76 on Wednesday. The company’s 50-day moving average price is $93.23 and its 200 day moving average price is $95.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The firm has a market cap of $31.66 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.98%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Wednesday, December 18th.

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.