Asset Management Group Inc. Sells 450 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Asset Management Group Inc. trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 32,944 shares of the exchange traded fund’s stock after selling 450 shares during the quarter. Asset Management Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Tsfg LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 314.1% in the first quarter. Tsfg LLC now owns 265 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 201 shares during the period. Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $28,000. Scarborough Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $32,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at approximately $36,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF opened at $98.42 on Friday. The stock has a market cap of $30.67 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.86 and a 1 year high of $99.18. The firm has a fifty day moving average price of $96.98 and a 200-day moving average price of $94.61.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.2882 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.