Wallace Advisory Group LLC Lowers Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Wallace Advisory Group LLC lessened its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,941 shares of the exchange traded fund’s stock after selling 247 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 1.3% of Wallace Advisory Group LLC’s portfolio, making the stock its 14th largest holding. Wallace Advisory Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tsfg LLC increased its holdings 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 position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $25,000. Innealta Capital LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $28,000. Scarborough Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $32,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $36,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 1.0 %

Shares of IEF traded down $0.94 during trading hours on Friday, hitting $96.47. The company had a trading volume of 8,890,868 shares, compared to its average volume of 7,822,956. The firm has a market cap of $33.45 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.86 and a 52-week high of $99.18. The stock’s 50 day moving average price is $97.62 and its 200 day moving average price is $94.84.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid 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.