iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Sold by RiverFront Investment Group LLC

RiverFront Investment Group LLC reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 31,733 shares of the exchange traded fund’s stock after selling 1,369 shares during the quarter. RiverFront Investment Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,059,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $26,000. Nemes Rush Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $25,000. Oakworth Capital Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% during the 4th quarter. Oakworth Capital Inc. now owns 307 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 215 shares during the period. CVA Family Office LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $30,000. Finally, JFS Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $30,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF traded up $0.25 during mid-day trading on Friday, reaching $91.49. 5,432,628 shares of the company’s stock were exchanged, compared to its average volume of 8,877,896. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of -21.49 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.86 and a 52-week high of $100.80. The company’s 50-day moving average is $93.48 and its 200-day moving average is $93.63.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2758 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Monday, April 1st.

iShares 7-10 Year Treasury Bond ETF Company 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.