Sowell Financial Services LLC Trims Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Sowell Financial Services LLC reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 15.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,603 shares of the exchange traded fund’s stock after selling 2,933 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,494,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IEF. Trivant Custom Portfolio Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 72.2% during the first quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. Wayfinding Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at approximately $35,000. Wood Tarver Financial Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $37,000. Park Square Financial Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Menard Financial Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $38,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2%

Shares of IEF stock opened at $96.47 on Tuesday. The stock has a 50 day moving average of $95.69 and a 200 day moving average of $94.98. The stock has a market cap of $35.90 billion, a P/E ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.08 and a twelve month high of $98.50.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, September 2nd were issued a $0.3141 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 2nd.

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.