Allianz Asset Management GmbH Buys 58,414 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Allianz Asset Management GmbH boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1,285.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,960 shares of the exchange traded fund’s stock after acquiring an additional 58,414 shares during the quarter. Allianz Asset Management GmbH’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth about $35,000. Morton Brown Family Wealth LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth about $42,000. Western Pacific Wealth Management LP bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $54,000. LRI Investments LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth about $64,000. Finally, Harbor Capital Advisors Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 141.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 700 shares of the exchange traded fund’s stock worth $67,000 after buying an additional 410 shares in the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $97.72 on Thursday. The firm has a market capitalization of $39.24 billion, a PE ratio of -22.00 and a beta of 0.05. The company’s 50-day moving average is $96.48 and its 200-day moving average is $95.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.08 and a fifty-two week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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.