Alerus Financial NA Reduces Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Alerus Financial NA cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,594 shares of the exchange traded fund’s stock after selling 304 shares during the period. Alerus Financial NA’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $549,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $25,000. Innealta Capital LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $34,000. Van ECK Associates Corp purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $36,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $95.19 on Monday. The firm has a fifty day moving average price of $95.31 and a 200 day moving average price of $95.40. The stock has a market cap of $32.68 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.2916 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Friday, November 1st.

iShares 7-10 Year Treasury Bond ETF 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.