Bowman & Co S.C. Sells 383 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Bowman & Co S.C. lessened its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,744 shares of the exchange traded fund’s stock after selling 383 shares during the quarter. Bowman & Co S.C.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Logan Capital Management Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $34,000. Van ECK Associates Corp purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $35,000. Dunhill Financial LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $38,000. Finally, Rakuten Securities Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 153 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $92.45 on Friday. 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’s fifty day simple moving average is $93.26 and its two-hundred day simple moving average is $95.26. The stock has a market capitalization of $31.50 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.3075 per share. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.99%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th.

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.