Ridgewood Investments LLC Trims Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ridgewood Investments LLC lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 17.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,387 shares of the exchange traded fund’s stock after selling 1,107 shares during the quarter. Ridgewood Investments LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Logan Capital Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $34,000. Van ECK Associates Corp acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $35,000. Dunhill Financial LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd 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 in the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock traded down $0.53 during trading on Friday, reaching $91.47. The company had a trading volume of 3,013,325 shares, compared to its average volume of 4,415,196. The firm has a 50-day simple moving average of $93.52 and a 200-day simple moving average of $95.33. The company has a market cap of $31.04 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. 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 firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.3075 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 dividend on an annualized basis and a yield of 4.03%.

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.