Thrivent Financial for Lutherans Has $2.39 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Thrivent Financial for Lutherans lowered its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 91.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,387 shares of the exchange traded fund’s stock after selling 267,191 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEF. Capital Investment Counsel Inc bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $34,000. Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $36,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $94.79 on Thursday. The stock has a market capitalization of $33.67 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The business’s fifty day moving average price is $95.52 and its two-hundred day moving average price is $95.36. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.2916 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, November 1st.

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.