iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 45.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,017,055 shares of the exchange traded fund’s stock after selling 834,155 shares during the period. Royal Bank of Canada owned about 0.30% of iShares 7-10 Year Treasury Bond ETF worth $94,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Montag A & Associates Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 113.5% during the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 160 shares during the period. BankPlus Trust Department acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $31,000. Logan Capital Management Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 70.1% during the fourth quarter. Logan Capital Management Inc. now owns 427 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 176 shares during the period. HM Payson & Co. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $40,000. Finally, Nemes Rush Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $42,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $93.92 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.08 and a fifty-two week high of $99.18. The stock has a market capitalization of $34.37 billion, a PE ratio of -22.10 and a beta of 0.25. The company has a fifty day moving average of $94.73 and a two-hundred day moving average of $93.88.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.3134 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date was Thursday, May 1st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.00%.

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.