Janney Montgomery Scott LLC Lowers Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Janney Montgomery Scott LLC trimmed its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 33.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,097,763 shares of the exchange traded fund’s stock after selling 542,285 shares during the quarter. Janney Montgomery Scott LLC owned 0.32% of iShares 7-10 Year Treasury Bond ETF worth $101,488,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. LifeGuide Financial Advisors LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6.1% during the 4th quarter. LifeGuide Financial Advisors LLC now owns 358,228 shares of the exchange traded fund’s stock worth $33,118,000 after acquiring an additional 20,520 shares in the last quarter. Finley Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $97,000. Traphagen Investment Advisors LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 50.5% during the 4th quarter. Traphagen Investment Advisors LLC now owns 5,912 shares of the exchange traded fund’s stock worth $547,000 after acquiring an additional 1,983 shares in the last quarter. White Pine Investment CO boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 13.4% during the 4th quarter. White Pine Investment CO now owns 51,402 shares of the exchange traded fund’s stock worth $4,752,000 after acquiring an additional 6,075 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 0.3% during the 4th quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock worth $5,097,000 after purchasing an additional 147 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

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

IEF opened at $92.52 on Thursday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The company has a 50-day moving average price of $93.22 and a 200 day moving average price of $95.25. The company has a market cap of $31.58 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

iShares 7-10 Year Treasury Bond ETF 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.