iShares 7-10 Year Treasury Bond ETF $IEF Holdings Lifted by Invariant Investment Management

Invariant Investment Management lifted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.1% in the 3rd quarter, Holdings Channel reports. The fund owned 295,577 shares of the exchange traded fund’s stock after buying an additional 17,123 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for approximately 15.4% of Invariant Investment Management’s holdings, making the stock its largest position. Invariant Investment Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $26,321,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IEF. Bank of America Corp DE raised its stake in iShares 7-10 Year Treasury Bond ETF by 69.8% in the 1st 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 acquiring an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 4.3% during the second quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock worth $1,454,685,000 after purchasing an additional 630,060 shares during the period. Blue Trust Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 5.8% during the first quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock worth $618,065,000 after purchasing an additional 354,797 shares during the period. Captrust Financial Advisors increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% in the fourth quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock worth $555,901,000 after purchasing an additional 666,409 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock worth $479,282,000 after purchasing an additional 217,157 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 Trading Up 0.4%

Shares of NASDAQ IEF traded up $0.34 during midday trading on Thursday, hitting $89.45. The company’s stock had a trading volume of 10,340,851 shares, compared to its average volume of 8,793,653. The firm has a market capitalization of $41.65 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a fifty day moving average price of $91.76 and a 200 day moving average price of $93.49. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.3069 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

About iShares 7-10 Year Treasury Bond ETF

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.