Mechanics Financial Corp Lowers Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Mechanics Financial Corp lowered its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,710 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Mechanics Financial Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $158,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 13.2% during the 4th quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 301 shares in the last quarter. Greatmark Investment Partners Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 1.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock worth $3,153,000 after acquiring an additional 625 shares during the period. Beam Wealth Advisors Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 3.7% during the 4th quarter. Beam Wealth Advisors Inc. now owns 36,617 shares of the exchange traded fund’s stock worth $3,385,000 after acquiring an additional 1,303 shares in the last quarter. Syntax Research Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 12.7% during the 4th quarter. Syntax Research Inc. now owns 53,563 shares of the exchange traded fund’s stock valued at $4,952,000 after purchasing an additional 6,019 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 458.8% in the 3rd quarter. National Bank of Canada FI now owns 369,823 shares of the exchange traded fund’s stock valued at $36,308,000 after purchasing an additional 303,636 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 Stock Performance

NASDAQ IEF opened at $95.09 on Friday. The company has a market cap of $32.76 billion, a PE ratio of -22.19 and a beta of 0.05. The firm’s 50 day moving average price is $93.85 and its 200-day moving average price is $94.45. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2754 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.