Archer Investment Corp Sells 25,270 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Archer Investment Corp lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 82.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,378 shares of the exchange traded fund’s stock after selling 25,270 shares during the period. Archer Investment Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $528,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock worth $1,212,164,000 after purchasing an additional 610,635 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock worth $1,060,398,000 after buying an additional 1,082,837 shares in the last quarter. Raymond James & Associates increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.8% during the third quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock worth $646,346,000 after buying an additional 240,449 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% during the first quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock worth $595,656,000 after buying an additional 662,293 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.5% during the third quarter. Blue Trust Inc. now owns 5,000,349 shares of the exchange traded fund’s stock worth $468,283,000 after buying an additional 168,097 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF traded down $0.25 during mid-day trading on Friday, hitting $93.03. 1,229,020 shares of the stock were exchanged, compared to its average volume of 7,773,433. The company has a market cap of $33.04 billion, a P/E ratio of -21.67 and a beta of 0.05. The stock’s fifty day simple moving average is $96.42 and its two-hundred day simple moving average is $95.24. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.2916 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.76%. This is a positive change 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.