iShares 7-10 Year Treasury Bond ETF $IEF Stake Boosted by Meridian Management Co.

Meridian Management Co. raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 111,155 shares of the exchange traded fund’s stock after purchasing an additional 9,183 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 2.9% of Meridian Management Co.’s holdings, 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of IEF. West Paces Advisors Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 7.9% in the third quarter. West Paces Advisors Inc. now owns 286,817 shares of the exchange traded fund’s stock worth $27,666,000 after buying an additional 21,060 shares during the period. WestEnd Advisors LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 13.9% in the 3rd quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock worth $72,458,000 after acquiring an additional 91,530 shares in the last quarter. Capital Investment Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $631,000. Barings LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 2.2% during the 2nd quarter. Barings LLC now owns 642,944 shares of the exchange traded fund’s stock worth $61,575,000 after acquiring an additional 13,550 shares during the period. Finally, Forefront Wealth Partners LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $2,125,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $96.00 on Friday. The company has a 50 day simple moving average of $96.42 and a two-hundred day simple moving average of $96.27. The firm has a market cap of $45.94 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.08 and a 1-year high of $97.77.

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 paid a $0.3127 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, December 19th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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. 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.