Crestwood Advisors Group LLC Reduces Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Crestwood Advisors Group LLC decreased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 23.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,459 shares of the exchange traded fund’s stock after selling 1,648 shares during the quarter. Crestwood Advisors Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $505,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Logan Capital Management Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $25,000. Montag A & Associates Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% during 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. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $34,000. Van ECK Associates Corp acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $35,000. Finally, Dunhill Financial LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.8 %

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $94.65 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The stock has a market capitalization of $32.61 billion, a P/E ratio of -21.67 and a beta of 0.05. The business’s fifty day moving average price is $92.65 and its 200 day moving average price is $94.85.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

About iShares 7-10 Year Treasury Bond ETF

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.