iShares 7-10 Year Treasury Bond ETF $IEF Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 605,658 shares of the exchange traded fund’s stock, valued at approximately $54,091,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of iShares 7-10 Year Treasury Bond ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in IEF. Bank of America Corp DE grew its holdings in shares of 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 worth $2,185,584,000 after purchasing an additional 9,414,689 shares in the last quarter. Envestnet Asset Management Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 4.3% in 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 purchasing an additional 630,060 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 purchasing an additional 217,157 shares during the last quarter. Royal Bank of Canada boosted its stake in iShares 7-10 Year Treasury Bond ETF by 250.4% in the first 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. Finally, Wealthcare Capital Management LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.8% during the second quarter. Wealthcare Capital Management LLC now owns 1,843,045 shares of the exchange traded fund’s stock worth $174,297,000 after purchasing an additional 32,242 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $91.76 on Monday. The company has a 50 day moving average price of $90.88 and a 200 day moving average price of $93.88. 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 capitalization of $43.26 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.