Fulton Breakefield Broenniman LLC Reduces Stake in iShares 7-10 Year Treasury Bond ETF

In a noteworthy shift during the third quarter, Fulton Breakefield Broenniman LLC has decreased its holdings in the iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF), marking a 9.6% reduction. Following the sale of 7,565 shares in this period, the firm's stake in the ETF now stands at 71,085 shares. These remaining shares have an estimated value of $6.51 million, as per the latest disclosures to the Securities and Exchange Commission (SEC).

Activity by Other Hedge Funds

Several other hedge funds have also made adjustments in their positions. JPMorgan Chase & Co. increased their shareholdings by 8.6% in the second quarter, Fisher Asset Management LLC by 5.4%, and BlackRock Inc. by 13.3%. Raymond James & Associates upped their stake by 9.5%. Additionally, Ameriprise Financial Inc. raised its ownership by 3.0% in the first quarter. Collectively, hedge funds and institutional investors own 86.63% of the ETF's stock.

ETF Price Movement

During recent trading days, the iShares 7-10 Year Treasury Bond ETF's shares saw a slight drop of $0.24, closing at $96.39. While the ETF has experienced varying volumes of trading, recent activity has been close to its average volume of 9,301,761 shares. It currently has a 52-week low of $88.86 and a high of $100.80. The ETF's 50-day moving average is positioned at $93.20, while the 200-day moving average is at $93.78.

The ETF's Dividend Payout

A recent dividend payout was also announced by the ETF, with a distribution of $0.2816 per share on December 20th to stockholders recorded on December 15th. The dividend yield on an annualized basis is 3.51%, amounting to $3.38 per share.

About the iShares 7-10 Year Treasury Bond ETF

The iShares 7-10 Year Treasury Bond ETF is designed to track the results of an index comprised of U.S. Treasury bonds with maturities between seven and ten years. Its aim is twofold: providing exposure to U.S. Treasury bonds and mirroring the results of the Barclays U.S. 7-10 Year Treasury Bond Index.

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