SSI Investment Management LLC Decreases Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

SSI Investment Management LLC lowered its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 22.8% during the 4th quarter, Holdings Channel reports. The firm owned 62,660 shares of the exchange traded fund’s stock after selling 18,461 shares during the quarter. SSI Investment Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,025,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $25,000. Asset Dedication LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Balentine LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Finally, Cornerstone Planning Group LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1%

Shares of IEF stock opened at $94.65 on Friday. The stock has a market cap of $48.28 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04. The company’s fifty day simple moving average is $94.88 and its two-hundred day simple moving average is $95.93.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.3125 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a yield of 4.0%.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.