MTC Wealth Management LLC Sells 2,005 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

MTC Wealth Management LLC cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,706 shares of the exchange traded fund’s stock after selling 2,005 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for 10.1% of MTC Wealth Management LLC’s portfolio, making the stock its 4th largest position. MTC Wealth Management LLC owned approximately 0.07% of iShares 7-10 Year Treasury Bond ETF worth $21,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF opened at $93.32 on Friday. The stock has a market capitalization of $32.15 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The company’s fifty day moving average is $92.75 and its two-hundred day moving average is $95.03.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.2964 dividend. The ex-dividend date of this dividend was 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.