iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Stake Raised by Fiduciary Trust Co

Fiduciary Trust Co increased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,046 shares of the exchange traded fund’s stock after acquiring an additional 768 shares during the period. Fiduciary Trust Co’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $559,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Montag A & Associates Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 113.5% in the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 160 shares during the last quarter. BankPlus Trust Department acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $31,000. HM Payson & Co. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $40,000. Nemes Rush Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $42,000. Finally, LGT Financial Advisors LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 70.5% in the 4th quarter. LGT Financial Advisors LLC now owns 457 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 189 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $94.35 on Monday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.08 and a fifty-two week high of $99.18. The stock’s 50-day moving average is $94.83 and its two-hundred day moving average is $93.91. The firm has a market cap of $34.15 billion, a P/E ratio of -22.31 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were given a $0.3134 dividend. This is a positive change 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 3.99%. 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.