Bank of New York Mellon Corp Sells 10,839 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Bank of New York Mellon Corp decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 185,043 shares of the exchange traded fund’s stock after selling 10,839 shares during the period. Bank of New York Mellon Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $17,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 12.3% during the fourth quarter. Harbour Investments Inc. now owns 4,565 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 500 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in iShares 7-10 Year Treasury Bond ETF by 241.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 83,214 shares of the exchange traded fund’s stock worth $7,698,000 after purchasing an additional 58,827 shares in the last quarter. Horizon Investments LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 13.2% during the 4th quarter. Horizon Investments LLC now owns 1,858 shares of the exchange traded fund’s stock valued at $171,000 after acquiring an additional 217 shares during the period. HUB Investment Partners LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $961,000. Finally, Palogic Value Management L.P. purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $3,421,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.3%

iShares 7-10 Year Treasury Bond ETF stock opened at $94.40 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $99.18. The firm has a 50 day moving average of $94.32 and a 200 day moving average of $94.08. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st were given a dividend of $0.3032 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.28. The ex-dividend date was Tuesday, July 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.