BNP Paribas Financial Markets Sells 367,730 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

BNP Paribas Financial Markets reduced its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 45.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 439,843 shares of the exchange traded fund’s stock after selling 367,730 shares during the period. BNP Paribas Financial Markets’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $43,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Counsel Inc acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $34,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $36,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4 %

Shares of IEF stock opened at $94.79 on Friday. The business’s 50-day moving average price is $95.37 and its 200-day moving average price is $95.35. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The firm has a market capitalization of $33.67 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.2916 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, November 1st.

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.