1620 Investment Advisors Inc. Sells 4,025 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

1620 Investment Advisors Inc. decreased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,494 shares of the exchange traded fund’s stock after selling 4,025 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 2.2% of 1620 Investment Advisors Inc.’s portfolio, making the stock its 2nd biggest holding. 1620 Investment Advisors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,912,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IEF. Pathstone Holdings LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 581.1% in the 3rd quarter. Pathstone Holdings LLC now owns 50,898 shares of the exchange traded fund’s stock valued at $4,994,000 after purchasing an additional 43,425 shares during the last quarter. Commerce Bank grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 40.3% in the 3rd quarter. Commerce Bank now owns 43,678 shares of the exchange traded fund’s stock valued at $4,286,000 after purchasing an additional 12,557 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 56.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,133 shares of the exchange traded fund’s stock valued at $504,000 after purchasing an additional 1,859 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.3% in the 3rd quarter. LPL Financial LLC now owns 3,531,829 shares of the exchange traded fund’s stock valued at $346,543,000 after purchasing an additional 79,045 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $204,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1 %

Shares of IEF stock opened at $95.10 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The company has a market capitalization of $33.98 billion, a P/E ratio of -22.19 and a beta of 0.17. The business’s 50 day moving average is $93.50 and its two-hundred day moving average is $94.59.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.2754 dividend. The ex-dividend date was Monday, March 3rd.

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.