Avior Wealth Management LLC Trims Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Avior Wealth Management LLC decreased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 33.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 772 shares of the exchange traded fund’s stock after selling 396 shares during the quarter. Avior Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $71,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Logan Capital Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $34,000. Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $35,000. Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $38,000. Finally, Rakuten Securities Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 45.1% during the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $92.97 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The stock’s 50-day moving average is $93.13 and its 200 day moving average is $95.18. The company has a market cap of $31.88 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.3075 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a yield of 3.97%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.