United Capital Management of KS Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) by 4.7% during the third quarter, HoldingsChannel reports. The fund owned 284,191 shares of the exchange traded fund’s stock after purchasing an additional 12,639 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 3.3% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 6th biggest holding. United Capital Management of KS Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $25,381,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after buying an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after buying an additional 630,060 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock valued at $479,282,000 after buying an additional 217,157 shares during the last quarter. Royal Bank of Canada raised its stake in iShares 7-10 Year Treasury Bond ETF by 250.4% during the 1st quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after acquiring an additional 2,421,315 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in iShares 7-10 Year Treasury Bond ETF by 2.2% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,399,251 shares of the exchange traded fund’s stock worth $304,008,000 after acquiring an additional 73,935 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.
iShares 7-10 Year Treasury Bond ETF Price Performance
Shares of IEF opened at $91.80 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04. The stock has a market cap of $44.60 billion, a PE ratio of -22.00 and a beta of 0.26. The firm has a fifty day moving average price of $90.71 and a 200 day moving average price of $93.75.
iShares 7-10 Year Treasury Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.3115 per share. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. This represents a $3.74 annualized dividend and a dividend yield of 4.1%.
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. 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.
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