Financial Counselors Inc. Sells 2,028 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Financial Counselors Inc. trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,613 shares of the exchange traded fund’s stock after selling 2,028 shares during the period. Financial Counselors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Values First Advisors Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 4.4% in the second quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock valued at $3,023,000 after purchasing an additional 1,365 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $274,000. Raymond James & Associates increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.6% in the second quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock valued at $594,383,000 after acquiring an additional 281,554 shares during the last quarter. Ballentine Partners LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $1,016,000. Finally, CWM LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 109.5% during the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after purchasing an additional 70,696 shares during the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.4 %

IEF stock opened at $95.19 on Friday. The company has a market cap of $33.81 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The business has a 50 day moving average price of $95.31 and a two-hundred day moving average price of $95.37.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.2916 dividend. The ex-dividend date was Friday, November 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 annualized dividend and a dividend yield of 3.68%.

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.