Financial Advocates Investment Management Sells 3,622 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Financial Advocates Investment Management cut its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 26.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,005 shares of the exchange traded fund’s stock after selling 3,622 shares during the period. Financial Advocates Investment Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IEF. Fiera Capital Corp lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% in the 2nd quarter. Fiera Capital Corp now owns 5,285 shares of the exchange traded fund’s stock valued at $495,000 after purchasing an additional 107 shares during the last quarter. PSI Advisors LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 20.0% in the 3rd quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 109 shares during the last quarter. Matrix Trust Co lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.9% in the 2nd quarter. Matrix Trust Co now owns 3,182 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 120 shares during the last quarter. Oak Harbor Wealth Partners LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.1% in the 2nd quarter. Oak Harbor Wealth Partners LLC now owns 12,039 shares of the exchange traded fund’s stock valued at $1,127,000 after purchasing an additional 126 shares during the last quarter. Finally, Catalyst Private Wealth LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.7% in the 2nd quarter. Catalyst Private Wealth LLC now owns 4,802 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 128 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $93.67 on Friday. The firm has a market capitalization of $33.35 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $90.68 and a 1 year high of $99.18. The business has a 50 day simple moving average of $97.09 and a 200-day simple moving average of $95.08.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be given a $0.2916 dividend. This represents a $3.50 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, November 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.