Concurrent Investment Advisors LLC Sells 7,058 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Concurrent Investment Advisors LLC reduced its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,361 shares of the exchange traded fund’s stock after selling 7,058 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,420,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Jessup Wealth Management Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at about $5,143,000. Bryn Mawr Capital Management LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 36.1% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,600 shares of the exchange traded fund’s stock valued at $3,569,000 after acquiring an additional 10,243 shares during the period. Flagstar Advisors Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 4.1% during the fourth quarter. Flagstar Advisors Inc. now owns 9,688 shares of the exchange traded fund’s stock valued at $896,000 after acquiring an additional 384 shares during the period. Joel Adams & Associates Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at about $346,000. Finally, Global Retirement Partners LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 3.2% during the fourth quarter. Global Retirement Partners LLC now owns 58,895 shares of the exchange traded fund’s stock valued at $5,445,000 after acquiring an additional 1,812 shares during the period. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.6 %

NASDAQ:IEF opened at $93.71 on Friday. The business’s 50-day simple moving average is $92.63 and its two-hundred day simple moving average is $94.90. The stock has a market cap of $32.28 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2964 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.