Janney Capital Management LLC Trims Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Janney Capital Management LLC lessened its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 97,690 shares of the exchange traded fund’s stock after selling 6,123 shares during the quarter. Janney Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,031,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IEF. PSI Advisors LLC grew its stake in 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 worth $64,000 after acquiring an additional 109 shares in the last quarter. J. W. Coons Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 1.0% in the third quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock worth $1,299,000 after purchasing an additional 135 shares in the last quarter. Drive Wealth Management LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 3.0% in the third quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after purchasing an additional 144 shares in the last quarter. SignalPoint Asset Management LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 0.9% during the 3rd quarter. SignalPoint Asset Management LLC now owns 15,562 shares of the exchange traded fund’s stock worth $1,531,000 after purchasing an additional 146 shares during the period. Finally, Atomi Financial Group Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 0.3% during the 4th quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock valued at $5,097,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1 %

Shares of IEF stock opened at $92.66 on Wednesday. The stock has a market capitalization of $31.62 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The stock has a fifty day simple moving average of $93.23 and a two-hundred day simple moving average of $95.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.