Global Trust Asset Management LLC Cuts Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Global Trust Asset Management LLC reduced its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 64.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,396 shares of the exchange traded fund’s stock after selling 4,376 shares during the period. Global Trust Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $222,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. CWM LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 109.5% in the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after acquiring an additional 70,696 shares during the period. Lake Hills Wealth Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 27.6% during the 3rd quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock valued at $6,753,000 after purchasing an additional 14,906 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 62.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock valued at $1,913,000 after purchasing an additional 7,508 shares in the last quarter. Stablepoint Partners LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 34.3% during the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock worth $2,275,000 after buying an additional 5,916 shares during the period. Finally, Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $92.76 on Wednesday. The firm has a 50-day moving average of $93.23 and a two-hundred day moving average of $95.26. The stock has a market cap of $31.66 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.3075 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a yield of 3.98%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.