Alerus Financial NA Lowers Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Alerus Financial NA lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,594 shares of the exchange traded fund’s stock after selling 304 shares during the period. Alerus Financial NA’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital Investment Counsel Inc acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $25,000. Innealta Capital LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $28,000. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $34,000. Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $36,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NASDAQ:IEF opened at $95.19 on Monday. The company has a market cap of $32.68 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The firm’s 50-day simple moving average is $95.31 and its 200-day simple moving average is $95.40.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.