Meridian Management Co. Boosts Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Meridian Management Co. grew its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,155 shares of the exchange traded fund’s stock after purchasing an additional 9,183 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 2.9% of Meridian Management Co.’s portfolio, making the stock its 9th biggest holding. Meridian Management Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEF. Spirit of America Management Corp NY increased its stake in iShares 7-10 Year Treasury Bond ETF by 1.7% in the 3rd quarter. Spirit of America Management Corp NY now owns 6,280 shares of the exchange traded fund’s stock worth $606,000 after acquiring an additional 105 shares during the last quarter. FDx Advisors Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.8% during the second quarter. FDx Advisors Inc. now owns 2,349 shares of the exchange traded fund’s stock worth $225,000 after purchasing an additional 107 shares in the last quarter. SouthState Corp increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% in the second quarter. SouthState Corp now owns 3,145 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 120 shares during the last quarter. Joel Adams & Associates Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 3.1% in the second quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 123 shares in the last quarter. Finally, Intergy Private Wealth LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 3.0% during the third quarter. Intergy Private Wealth LLC now owns 4,688 shares of the exchange traded fund’s stock valued at $452,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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

IEF opened at $96.00 on Friday. The stock has a 50-day moving average price of $96.42 and a 200-day moving average price of $96.27. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.08 and a 12-month high of $97.77. The stock has a market capitalization of $45.94 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a dividend of $0.3127 per share. The ex-dividend date was Friday, December 19th. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.