Mercer Global Advisors Inc. ADV Decreases Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Mercer Global Advisors Inc. ADV decreased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 8.9% during the 4th quarter, Holdings Channel reports. The firm owned 27,684 shares of the exchange traded fund’s stock after selling 2,709 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Montag A & Associates Inc. grew 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 buying an additional 160 shares in the last quarter. BankPlus Trust Department purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $31,000. HM Payson & Co. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $40,000. Nemes Rush Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at about $42,000. Finally, LGT Financial Advisors LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 70.5% during the fourth quarter. LGT Financial Advisors LLC now owns 457 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 189 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $94.78 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18. The company’s 50 day moving average price is $94.88 and its 200 day moving average price is $93.93. The firm has a market capitalization of $34.31 billion, a price-to-earnings ratio of -22.31 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were issued a $0.3134 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30. This represents a $3.76 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, May 1st.

iShares 7-10 Year Treasury Bond ETF 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.