Truist Financial Corp Sells 54,335 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Truist Financial Corp cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,595,357 shares of the exchange traded fund’s stock after selling 54,335 shares during the period. Truist Financial Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $149,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IEF. 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 purchasing an additional 201 shares during the last quarter. Capital Investment Counsel Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $25,000. Innealta Capital LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $28,000. Scarborough Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $32,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $36,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3 %

Shares of NASDAQ IEF opened at $98.12 on Tuesday. The firm’s 50-day moving average price is $97.32 and its 200-day moving average price is $94.72. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.86 and a 52-week high of $99.18. The company has a market cap of $30.57 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

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

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.