Meridian Management Co. Has $9.68 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Meridian Management Co. lifted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 32.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,972 shares of the exchange traded fund’s stock after buying an additional 25,149 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 2.7% of Meridian Management Co.’s holdings, making the stock its 9th largest position. Meridian Management Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,677,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in iShares 7-10 Year Treasury Bond ETF by 4,057.3% in the first quarter. Jones Financial Companies Lllp now owns 1,899,503 shares of the exchange traded fund’s stock valued at $181,156,000 after buying an additional 1,853,812 shares in the last quarter. Peavine Capital LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $160,837,000. JPMorgan Chase & Co. lifted its position in iShares 7-10 Year Treasury Bond ETF by 5.0% in the 1st 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. LPL Financial LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 18.2% in the 1st quarter. LPL Financial LLC now owns 4,376,591 shares of the exchange traded fund’s stock valued at $417,395,000 after acquiring an additional 673,678 shares in the last quarter. Finally, Summit Financial Consulting LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 9,052.5% in the 2nd quarter. Summit Financial Consulting LLC now owns 554,550 shares of the exchange traded fund’s stock worth $53,109,000 after purchasing an additional 548,491 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $96.85 on Friday. The business’s 50-day moving average price is $96.74 and its two-hundred day moving average price is $95.40. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $97.77. The company has a market capitalization of $40.19 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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.