Sowell Financial Services LLC Has $1.57 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sowell Financial Services LLC trimmed its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 36.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the exchange traded fund’s stock after selling 9,920 shares during the period. Sowell Financial Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Montag A & Associates Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 160 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $31,000. Van ECK Associates Corp acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Finally, Dunhill Financial LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $38,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $95.05 on Tuesday. The stock has a fifty day moving average of $93.11 and a 200-day moving average of $94.70. The stock has a market capitalization of $32.74 billion, a P/E ratio of -22.34 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 Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.2754 dividend. The ex-dividend date of this dividend was Monday, March 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.