Avalon Capital Management Decreases Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Avalon Capital Management cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 73.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,536 shares of the exchange traded fund’s stock after selling 20,516 shares during the period. Avalon Capital Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in IEF. Pasadena Private Wealth LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 5.3% in the 1st quarter. Pasadena Private Wealth LLC now owns 2,559 shares of the exchange traded fund’s stock valued at $242,000 after purchasing an additional 129 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 4,094 shares of the exchange traded fund’s stock valued at $395,000 after purchasing an additional 150 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 57.4% in the 4th quarter. Nemes Rush Group LLC now owns 425 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 155 shares in the last quarter. Cape Investment Advisory Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 6.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,589 shares of the exchange traded fund’s stock valued at $250,000 after purchasing an additional 164 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 46,175 shares of the exchange traded fund’s stock valued at $4,451,000 after purchasing an additional 180 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF traded down $0.50 on Friday, reaching $93.65. The stock had a trading volume of 6,032,414 shares, compared to its average volume of 7,917,411. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $97.19. The firm’s fifty day moving average is $93.04 and its two-hundred day moving average is $94.08. The company has a market cap of $28.69 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.2764 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Monday, June 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.