Ameritas Advisory Services LLC Lowers Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ameritas Advisory Services LLC cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,471 shares of the exchange traded fund’s stock after selling 994 shares during the period. Ameritas Advisory Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,449,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IEF. Diversify Advisory Services LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth $1,169,000. Orion Portfolio Solutions LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 93.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 78,333 shares of the exchange traded fund’s stock worth $7,493,000 after acquiring an additional 37,928 shares in the last quarter. TSA Wealth Managment LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $409,000. Summit Asset Management LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3,332.8% in the 4th quarter. Summit Asset Management LLC now owns 137,310 shares of the exchange traded fund’s stock valued at $13,235,000 after purchasing an additional 133,310 shares in the last quarter. Finally, Values First Advisors Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.4% in the 2nd quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock worth $3,023,000 after purchasing an additional 1,365 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1 %

Shares of IEF traded down $0.14 during trading hours on Friday, hitting $97.27. The company had a trading volume of 1,520,495 shares, compared to its average volume of 7,501,706. The company has a market capitalization of $30.31 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.86 and a one year high of $98.58. The company’s fifty day moving average price is $95.60 and its two-hundred day moving average price is $94.12.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.2891 per share. This represents a $3.47 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, August 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly 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.