iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Sold by Spire Wealth Management

Spire Wealth Management cut its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 104,614 shares of the exchange traded fund’s stock after selling 3,025 shares during the period. Spire Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $25,000. GoalVest Advisory LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $26,000. Islay Capital Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $29,000. SouthState Corp purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $29,000. Finally, JFS Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.6 %

iShares 7-10 Year Treasury Bond ETF stock traded up $0.51 during trading on Friday, reaching $92.46. The stock had a trading volume of 8,501,120 shares, compared to its average volume of 8,849,194. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.86 and a 52-week high of $100.80. The stock has a market cap of $28.45 billion, a PE ratio of -21.67 and a beta of 0.17. The business has a 50 day moving average price of $93.29 and a 200 day moving average price of $93.70.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be paid a dividend of $0.2709 per share. The ex-dividend date is Wednesday, May 1st. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.52%.

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.