Harbor Investment Advisory LLC Reduces Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Harbor Investment Advisory LLC trimmed its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 59.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,211 shares of the exchange traded fund’s stock after selling 1,742 shares during the period. Harbor Investment Advisory LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after acquiring an additional 70,696 shares during the last quarter. Lake Hills Wealth Management LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% in the third quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock valued at $6,753,000 after purchasing an additional 14,906 shares during the period. Axxcess Wealth Management LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% in the third quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock valued at $1,913,000 after purchasing an additional 7,508 shares during the period. Stablepoint Partners LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 34.3% in the third quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock valued at $2,275,000 after purchasing an additional 5,916 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $35,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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

NASDAQ IEF opened at $92.52 on Thursday. The company’s 50 day moving average is $93.22 and its 200-day moving average is $95.25. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The firm has a market cap of $31.58 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.3075 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 annualized dividend and a dividend yield of 3.99%. This is a positive change 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.