Boltwood Capital Management Sells 2,515 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Boltwood Capital Management trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,144 shares of the exchange traded fund’s stock after selling 2,515 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.0% of Boltwood Capital Management’s portfolio, making the stock its 27th biggest holding. Boltwood Capital Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IEF. JPMorgan Chase & Co. increased its stake in iShares 7-10 Year Treasury Bond ETF by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock valued at $2,724,153,000 after acquiring an additional 7,579,169 shares during the last quarter. Syntax Research Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 301.1% in the 3rd quarter. Syntax Research Inc. now owns 47,544 shares of the exchange traded fund’s stock worth $4,665,000 after buying an additional 35,691 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 579.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 36,536 shares of the exchange traded fund’s stock valued at $3,576,000 after acquiring an additional 31,155 shares during the last quarter. Logan Capital Management Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $25,000. Finally, Synovus Financial Corp boosted its position in iShares 7-10 Year Treasury Bond ETF by 4.6% during the third quarter. Synovus Financial Corp now owns 41,459 shares of the exchange traded fund’s stock valued at $4,068,000 after buying an additional 1,830 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock traded down $0.16 during trading on Monday, hitting $92.19. 1,118,711 shares of the company traded hands, compared to its average volume of 2,912,110. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The firm has a market capitalization of $31.32 billion, a PE ratio of -21.67 and a beta of 0.05. The company has a 50-day moving average of $93.72 and a 200-day moving average of $95.40.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.3075 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.00%.

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.