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

Verus Capital Partners LLC trimmed its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 33.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,433 shares of the exchange traded fund’s stock after selling 7,361 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 8,575 shares of the exchange traded fund’s stock worth $812,000 after acquiring an additional 985 shares during the period. US Bancorp DE boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 9.1% in the 1st quarter. US Bancorp DE now owns 156,039 shares of the exchange traded fund’s stock valued at $14,771,000 after purchasing an additional 13,039 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 64,712 shares of the exchange traded fund’s stock valued at $6,126,000 after buying an additional 1,881 shares during the period. Patton Fund Management Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.9% during the 1st quarter. Patton Fund Management Inc. now owns 444,352 shares of the exchange traded fund’s stock worth $42,062,000 after buying an additional 47,282 shares during the last quarter. Finally, TTP Investments Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 73.8% in the 1st quarter. TTP Investments Inc. now owns 261,230 shares of the exchange traded fund’s stock worth $24,728,000 after buying an additional 110,896 shares during the period. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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

IEF stock opened at $93.94 on Tuesday. The company has a market cap of $33.37 billion, a PE ratio of -21.67 and a beta of 0.05. The stock has a 50-day moving average price of $96.66 and a two-hundred day moving average price of $95.22. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $90.68 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.