Strategic Point Investment Advisors LLC Sells 118,675 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Strategic Point Investment Advisors LLC cut its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 44.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 148,265 shares of the exchange traded fund’s stock after selling 118,675 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 2.2% of Strategic Point Investment Advisors LLC’s investment portfolio, making the stock its 17th largest position. Strategic Point Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,707,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $34,000. Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $35,000. Dunhill Financial LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $38,000. Finally, Rakuten Securities Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 153 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

Shares of NASDAQ:IEF opened at $93.17 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The business has a 50 day moving average of $93.13 and a 200-day moving average of $95.18. The stock has a market cap of $31.95 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.3075 dividend. The ex-dividend date was Wednesday, December 18th. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a yield of 3.96%.

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.