Robertson Stephens Wealth Management LLC Reduces Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Robertson Stephens Wealth Management LLC decreased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,460 shares of the exchange traded fund’s stock after selling 44,577 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,154,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Logan Capital Management Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $25,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Van ECK Associates Corp bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $35,000. Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $38,000. Finally, Rakuten Securities Inc. boosted its stake in 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 worth $48,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $93.56 on Thursday. The company’s fifty day moving average is $93.02 and its two-hundred day moving average is $95.11. 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 has a market capitalization 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 firm also recently announced a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be issued a dividend of $0.2964 per share. This is a boost 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.