Fifth Third Securities Inc. Lowers Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Fifth Third Securities Inc. lowered its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,064 shares of the exchange traded fund’s stock after selling 7,362 shares during the period. Fifth Third Securities Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,040,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Logan Capital Management Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $25,000. Hazlett Burt & Watson Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Van ECK Associates Corp acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $35,000. Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $38,000. Finally, Rakuten Securities Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 45.1% during the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after buying 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 Trading Down 0.2 %

IEF stock opened at $93.02 on Friday. The firm has a 50 day moving average of $93.11 and a 200-day moving average of $95.15. The company has a market cap of $31.90 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced 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. This represents a $3.69 dividend on an annualized basis and a yield of 3.97%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Wednesday, December 18th.

iShares 7-10 Year Treasury Bond ETF Company 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.