SignalPoint Asset Management LLC Lowers Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

SignalPoint Asset Management LLC lessened its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 23.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,962 shares of the exchange traded fund’s stock after selling 3,600 shares during the period. SignalPoint Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pinnacle Bancorp Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 41.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 3,467 shares of the exchange traded fund’s stock worth $321,000 after buying an additional 1,014 shares in the last quarter. Twele Capital Management Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 5.7% in the fourth quarter. Twele Capital Management Inc. now owns 435,501 shares of the exchange traded fund’s stock valued at $40,262,000 after acquiring an additional 23,605 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 79.9% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,143,157 shares of the exchange traded fund’s stock valued at $105,685,000 after acquiring an additional 507,737 shares during the last quarter. Rockingstone Advisors LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 46.2% in the fourth quarter. Rockingstone Advisors LLC now owns 27,680 shares of the exchange traded fund’s stock valued at $2,559,000 after acquiring an additional 8,750 shares during the last quarter. Finally, Acropolis Investment Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $2,387,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 1.1 %

IEF opened at $92.16 on Thursday. The stock has a market cap of $31.40 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The business’s fifty day simple moving average is $93.33 and its 200 day simple moving average is $95.27.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

iShares 7-10 Year Treasury Bond ETF Company 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.