Sowell Financial Services LLC Sells 9,920 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sowell Financial Services LLC lowered its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 36.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the exchange traded fund’s stock after selling 9,920 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,572,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IEF. Logan Capital Management Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $25,000. Montag A & Associates Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% during 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 period. BankPlus Trust Department bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $31,000. Van ECK Associates Corp bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. Finally, Dunhill Financial LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $38,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $95.05 on Tuesday. The company has a market capitalization of $32.74 billion, a PE ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The business has a 50 day simple moving average of $93.11 and a 200 day simple moving average of $94.70.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors 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.

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.