Canopy Partners LLC Reduces Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Canopy Partners LLC lessened its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 35.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,595 shares of the exchange traded fund’s stock after selling 4,726 shares during the quarter. Canopy Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $795,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Logan Capital Management Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $25,000. Montag A & Associates Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 160 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $31,000. Dunhill Financial LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $38,000. Finally, HM Payson & Co. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $40,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $96.56 on Monday. The stock has a 50 day moving average price of $94.18 and a 200 day moving average price of $94.28. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The firm has a market capitalization of $35.79 billion, a P/E ratio of -22.63 and a beta of 0.23.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.3037 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.64 annualized dividend and a dividend yield of 3.77%.

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.