Allspring Global Investments Holdings LLC Reduces Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Allspring Global Investments Holdings LLC lowered its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,337 shares of the exchange traded fund’s stock after selling 24,231 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of iShares 7-10 Year Treasury Bond ETF worth $23,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IEF. Tsfg LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 314.1% in the first quarter. Tsfg LLC now owns 265 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 201 shares during the last quarter. Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $25,000. SouthState Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $29,000. Islay Capital Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $29,000. Finally, Scarborough Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.0 %

Shares of IEF stock opened at $97.63 on Wednesday. The business’s fifty day simple moving average is $95.48 and its 200-day simple moving average is $94.07. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $98.58. The company has a market cap of $30.42 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.