Migdal Insurance & Financial Holdings Ltd. Trims Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Migdal Insurance & Financial Holdings Ltd. decreased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 23.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,763 shares of the exchange traded fund’s stock after selling 5,418 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,743,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock valued at $1,212,164,000 after purchasing an additional 610,635 shares during the last quarter. Ameriprise Financial Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock valued at $1,060,398,000 after buying an additional 1,082,837 shares during the last quarter. Raymond James & Associates boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3.8% during the third quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock worth $646,346,000 after buying an additional 240,449 shares during the period. Captrust Financial Advisors increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% during the first quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after acquiring an additional 662,293 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.5% in the 3rd quarter. Blue Trust Inc. now owns 5,000,349 shares of the exchange traded fund’s stock valued at $468,283,000 after acquiring an additional 168,097 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock traded up $0.20 during trading hours on Friday, hitting $94.20. The company had a trading volume of 12,335,278 shares, compared to its average volume of 7,827,771. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $90.68 and a fifty-two week high of $99.18. The company’s fifty day moving average is $96.66 and its 200 day moving average is $95.20. The stock has a market capitalization of $33.46 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.2916 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, November 1st.

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.