iShares 7-10 Year Treasury Bond ETF $IEF Stock: Oppenheimer & Co. Inc. Grows Stake

Oppenheimer & Co. Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.7% during the third quarter, HoldingsChannel.com reports. The fund owned 138,055 shares of the exchange traded fund’s stock after purchasing an additional 9,897 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,330,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IEF. Bank of America Corp DE raised its holdings in iShares 7-10 Year Treasury Bond ETF by 69.8% in the first 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 purchasing an additional 9,414,689 shares during the period. Royal Bank of Canada grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% in the 1st quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock valued at $323,377,000 after buying an additional 2,421,315 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $96,223,000. Eastern Bank grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 136.0% in the 3rd quarter. Eastern Bank now owns 1,346,447 shares of the exchange traded fund’s stock valued at $120,251,000 after buying an additional 775,994 shares during the period. Finally, Moore Capital Management LP acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $72,819,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.0%

IEF stock opened at $91.10 on Wednesday. The business’s 50-day moving average price is $90.99 and its two-hundred day moving average price is $93.95. The firm has a market cap of $41.47 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.3069 per share. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.0%.

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.