iShares 7-10 Year Treasury Bond ETF $IEF Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,801 shares of the exchange traded fund’s stock after purchasing an additional 12,349 shares during the period. Park Avenue Securities LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,789,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE increased its stake in iShares 7-10 Year Treasury Bond ETF by 69.8% during 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 purchasing an additional 9,414,689 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the second 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 buying an additional 630,060 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 worth $479,282,000 after acquiring an additional 217,157 shares during the last quarter. Royal Bank of Canada raised 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 worth $323,377,000 after acquiring an additional 2,421,315 shares during the last quarter. Finally, Wealthcare Capital Management LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.8% in the 2nd quarter. Wealthcare Capital Management LLC now owns 1,843,045 shares of the exchange traded fund’s stock worth $174,297,000 after acquiring an additional 32,242 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $91.10 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04. The stock has a market cap of $41.47 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The firm’s 50-day simple moving average is $90.99 and its 200 day simple moving average is $93.95.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.68 dividend on an annualized basis and a yield of 4.0%. This is a decrease 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.