iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Titleist Asset Management LLC

Titleist Asset Management LLC lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.7% in the third quarter, HoldingsChannel.com reports. The firm owned 189,320 shares of the exchange traded fund’s stock after selling 9,248 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for 1.1% of Titleist Asset Management LLC’s portfolio, making the stock its 19th largest position. Titleist Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $16,908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Windsor Advisory Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the first quarter worth $27,000. Strive Financial Group LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 483.0% during the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 256 shares during the last quarter. Compass Financial Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $29,000. Navigoe LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth $33,000. Finally, Cape Investment Advisory Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $34,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

Shares of NASDAQ:IEF traded up $0.33 on Thursday, hitting $89.44. The company had a trading volume of 5,932,524 shares, compared to its average volume of 8,763,444. The company has a market cap of $41.64 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.64 and a 52-week high of $98.04. The business has a 50 day moving average of $91.76 and a 200 day moving average of $93.49.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.3069 dividend. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date was Thursday, October 1st. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%.

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.