499 Shares in iShares 7-10 Year Treasury Bond ETF $IEF Bought by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 499 shares of the exchange traded fund’s stock, valued at approximately $48,000.

A number of other large investors have also added to or reduced their stakes in IEF. HB Wealth Management LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 72.9% in the 1st quarter. HB Wealth Management LLC now owns 4,851 shares of the exchange traded fund’s stock valued at $463,000 after buying an additional 2,046 shares in the last quarter. Independence Financial Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $14,612,000. Joel Adams & Associates Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 3.1% during the second quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 123 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock valued at $2,677,872,000 after acquiring an additional 1,333,142 shares in the last quarter. Finally, NBT Bank N A NY grew its holdings in iShares 7-10 Year Treasury Bond ETF by 36.1% in the second quarter. NBT Bank N A NY now owns 2,627 shares of the exchange traded fund’s stock worth $252,000 after purchasing an additional 697 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1%

Shares of IEF stock opened at $97.49 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $97.77. The business’s fifty day simple moving average is $96.56 and its 200-day simple moving average is $95.29. The company has a market cap of $40.13 billion, a PE ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a dividend of $0.2945 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.