Diversify Advisory Services LLC Sells 2,377 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Diversify Advisory Services LLC lowered its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 23.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,666 shares of the exchange traded fund’s stock after selling 2,377 shares during the period. Diversify Advisory Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $700,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gilman Hill Asset Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $231,000. Joule Financial LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.8% in the fourth quarter. Joule Financial LLC now owns 163,978 shares of the exchange traded fund’s stock worth $15,160,000 after acquiring an additional 4,503 shares during the period. Avalon Advisory Group boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.4% in the fourth quarter. Avalon Advisory Group now owns 796,032 shares of the exchange traded fund’s stock valued at $73,593,000 after acquiring an additional 26,183 shares during the last quarter. Ballew Advisors Inc increased its position in iShares 7-10 Year Treasury Bond ETF by 38.0% during the 4th quarter. Ballew Advisors Inc now owns 37,776 shares of the exchange traded fund’s stock valued at $3,444,000 after purchasing an additional 10,410 shares during the period. Finally, Smith Salley Wealth Management raised its holdings in iShares 7-10 Year Treasury Bond ETF by 1.5% during the 4th quarter. Smith Salley Wealth Management now owns 44,542 shares of the exchange traded fund’s stock worth $4,118,000 after purchasing an additional 656 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $92.76 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The firm’s fifty day moving average is $93.23 and its 200-day moving average is $95.26. The firm 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 Increases Dividend

The company also recently declared 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. 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 a boost 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.