Robertson Stephens Wealth Management LLC Sells 44,577 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Robertson Stephens Wealth Management LLC cut its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 131,460 shares of the exchange traded fund’s stock after selling 44,577 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Logan Capital Management Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $34,000. Van ECK Associates Corp bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $35,000. Dunhill Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $38,000. Finally, Rakuten Securities Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 153 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $93.56 on Thursday. The business’s 50 day moving average price is $93.02 and its 200-day moving average price is $95.11. The company has a market cap of $32.16 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be paid a $0.2964 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.