Weaver Capital Management LLC Sells 32,266 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Weaver Capital Management LLC reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 98.6% in the fourth quarter, Holdings Channel reports. The firm owned 473 shares of the exchange traded fund’s stock after selling 32,266 shares during the period. Weaver Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $44,000 at the end of the most recent quarter.

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

iShares 7-10 Year Treasury Bond ETF Trading Up 0.6 %

IEF opened at $93.56 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The stock has a fifty day moving average price of $93.02 and a 200-day moving average price of $95.11. The firm has a market cap of $32.16 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 company also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.2964 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend is Monday, February 3rd.

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.