Banque Pictet & Cie SA Reduces Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Banque Pictet & Cie SA reduced its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 70.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,073 shares of the exchange traded fund’s stock after selling 14,664 shares during the period. Banque Pictet & Cie SA’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $561,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IEF. PSI Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 20.0% during the 3rd quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 109 shares in the last quarter. J. W. Coons Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 1.0% during the 3rd quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock valued at $1,299,000 after purchasing an additional 135 shares in the last quarter. Savant Capital LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 3.2% during the 4th quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 139 shares in the last quarter. Drive Wealth Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% in the 3rd quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after acquiring an additional 144 shares in the last quarter. Finally, Intergy Private Wealth LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 6.2% in the 4th quarter. Intergy Private Wealth LLC now owns 2,504 shares of the exchange traded fund’s stock worth $231,000 after acquiring an additional 146 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of IEF opened at $93.32 on Friday. The firm has a market cap of $32.15 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The stock has a 50 day moving average of $92.75 and a 200-day moving average of $95.03. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.2964 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 3rd.

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.