Presidio Capital Management LLC Lowers Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Presidio Capital Management LLC lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 91.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,962 shares of the exchange traded fund’s stock after selling 161,883 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 0.9% of Presidio Capital Management LLC’s holdings, making the stock its 14th largest position. Presidio Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEF. Values First Advisors Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.4% during the second quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock worth $3,023,000 after acquiring an additional 1,365 shares during the period. Stanley Laman Group Ltd. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $274,000. Raymond James & Associates lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.6% in the 2nd quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock worth $594,383,000 after buying an additional 281,554 shares during the period. Ballentine Partners LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $1,016,000. Finally, CWM LLC grew its position 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 in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $94.00 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $90.68 and a 1-year high of $99.18. The business has a 50-day moving average price of $96.71 and a 200 day moving average price of $95.16. The company has a market capitalization of $33.39 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.2916 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.72%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.