United Asset Strategies Inc. Reduces Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

United Asset Strategies Inc. reduced its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,552 shares of the exchange traded fund’s stock after selling 176 shares during the period. United Asset Strategies Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,438,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Logan Capital Management Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $25,000. Hazlett Burt & Watson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $34,000. Van ECK Associates Corp acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $35,000. Dunhill Financial LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $38,000. Finally, Rakuten Securities Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 153 shares in the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $92.47 on Monday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The firm has a 50 day simple moving average of $93.17 and a 200 day simple moving average of $95.22. The firm has a market cap of $31.56 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.99%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th.

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.