Fifth Third Bancorp Sells 30,021 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Fifth Third Bancorp trimmed its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 293,502 shares of the exchange traded fund’s stock after selling 30,021 shares during the period. Fifth Third Bancorp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $26,213,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. IMC Chicago LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 58.2% during the 2nd quarter. IMC Chicago LLC now owns 55,388 shares of the exchange traded fund’s stock worth $5,238,000 after purchasing an additional 20,379 shares during the period. Centerline Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $2,636,000. Silverleafe Capital Partners LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $15,876,000. DUTCH ASSET Corp acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $1,360,000. Finally, Risk Paradigm Group LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 8.9% in the second quarter. Risk Paradigm Group LLC now owns 79,693 shares of the exchange traded fund’s stock worth $7,537,000 after purchasing an additional 6,484 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $90.04 on Friday. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04. The firm’s fifty day moving average is $90.57 and its two-hundred day moving average is $93.64.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were given a $0.3115 dividend. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. The ex-dividend date was Monday, November 2nd.

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.