Verus Capital Partners LLC Trims Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Verus Capital Partners LLC lessened its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,506 shares of the exchange traded fund’s stock after selling 927 shares during the period. Verus Capital Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 22.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,806 shares of the exchange traded fund’s stock worth $570,000 after purchasing an additional 1,048 shares during the period. MONECO Advisors LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 14.9% during the 3rd quarter. MONECO Advisors LLC now owns 2,986 shares of the exchange traded fund’s stock worth $293,000 after acquiring an additional 388 shares during the period. Highline Wealth Partners LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $56,000. Fiducient Advisors LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.5% in the 3rd quarter. Fiducient Advisors LLC now owns 13,327 shares of the exchange traded fund’s stock worth $1,308,000 after acquiring an additional 193 shares in the last quarter. Finally, 1620 Investment Advisors Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.7% during the third quarter. 1620 Investment Advisors Inc. now owns 35,519 shares of the exchange traded fund’s stock valued at $3,485,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1 %

Shares of NASDAQ:IEF opened at $94.80 on Friday. The stock has a fifty day simple moving average of $92.70 and a two-hundred day simple moving average of $94.85. The stock has a market capitalization of $32.66 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.2964 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.