iShares 7-10 Year Treasury Bond ETF $IEF Shares Purchased by United Advisor Group LLC

United Advisor Group LLC boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 34.0% in the 3rd quarter, Holdings Channel reports. The firm owned 35,335 shares of the exchange traded fund’s stock after acquiring an additional 8,966 shares during the quarter. United Advisor Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IEF. Bank of America Corp DE raised its position in shares of 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 valued at $2,185,584,000 after buying an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 4.3% during 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 acquiring an additional 630,060 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in 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 acquiring an additional 217,157 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in iShares 7-10 Year Treasury Bond ETF by 2.2% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,399,251 shares of the exchange traded fund’s stock valued at $304,008,000 after acquiring an additional 73,935 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in 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 worth $323,377,000 after purchasing an additional 2,421,315 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1%

Shares of iShares 7-10 Year Treasury Bond ETF stock traded down $0.11 on Friday, hitting $91.86. 8,613,787 shares of the company were exchanged, compared to its average volume of 9,172,454. 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 capitalization of $44.63 billion, a price-to-earnings ratio of -22.00 and a beta of 0.27. The company has a 50-day moving average price of $90.73 and a 200 day moving average price of $93.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a dividend of $0.3115 per share. This represents a $3.74 annualized dividend and a dividend yield of 4.1%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. The ex-dividend date was Monday, November 2nd.

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.