Concurrent Investment Advisors LLC Cuts Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Concurrent Investment Advisors LLC lowered its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 31.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,361 shares of the exchange traded fund’s stock after selling 7,058 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Logan Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $25,000. Montag A & Associates Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 160 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $34,000. Van ECK Associates Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $35,000. Finally, Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.6 %

Shares of IEF opened at $93.71 on Friday. The business’s fifty day simple moving average is $92.63 and its two-hundred day simple moving average is $94.90. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The company has a market cap of $32.28 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2964 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

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.