Chesley Taft & Associates LLC Reduces Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Chesley Taft & Associates LLC cut its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 50.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,250 shares of the exchange traded fund’s stock after selling 5,300 shares during the quarter. Chesley Taft & Associates LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. PSI Advisors LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 20.0% in the third quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 109 shares in the last quarter. J. W. Coons Advisors LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 1.0% during the third quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock worth $1,299,000 after buying an additional 135 shares during the last quarter. Drive Wealth Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 3.0% in the 3rd quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock valued at $483,000 after buying an additional 144 shares in the last quarter. SignalPoint Asset Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.9% in the 3rd quarter. SignalPoint Asset Management LLC now owns 15,562 shares of the exchange traded fund’s stock worth $1,531,000 after acquiring an additional 146 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 153 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of IEF opened at $92.76 on Wednesday. The firm has a 50-day moving average price of $93.23 and a 200 day moving average price of $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 capitalization 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 company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. The ex-dividend date of this dividend was Wednesday, December 18th. 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.

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.