Cliftonlarsonallen Wealth Advisors LLC Lowers Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Cliftonlarsonallen Wealth Advisors LLC reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 26.9% during the 4th quarter, HoldingsChannel reports. The firm owned 12,423 shares of the exchange traded fund’s stock after selling 4,566 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,149,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IEF. Logan Capital Management Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $34,000. Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $38,000. Finally, Rakuten Securities Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% during the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 153 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 1.0 %

NASDAQ:IEF traded up $0.91 during trading hours on Wednesday, hitting $92.11. 749,189 shares of the stock were exchanged, compared to its average volume of 4,668,644. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The company has a market cap of $31.22 billion, a P/E ratio of -21.67 and a beta of 0.05. The firm’s fifty day moving average price is $93.35 and its 200 day moving average price is $95.29.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm 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 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost 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.