Dow Chemical Co. DE Buys Shares of 36,808 iShares 7-10 Year Treasury Bond ETF $IEF

Dow Chemical Co. DE purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, Holdings Channel reports. The fund purchased 36,808 shares of the exchange traded fund’s stock, valued at approximately $3,550,000. iShares 7-10 Year Treasury Bond ETF comprises 1.4% of Dow Chemical Co. DE’s holdings, making the stock its 4th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 52.1% during the 3rd quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock valued at $8,455,919,000 after acquiring an additional 30,011,547 shares during the period. The Manufacturers Life Insurance Company raised its holdings in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock worth $60,244,000 after purchasing an additional 616,905 shares during the period. Soros Fund Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $47,885,000. Captrust Financial Advisors lifted its position in iShares 7-10 Year Treasury Bond ETF by 5.2% during the second quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock valued at $956,908,000 after purchasing an additional 495,772 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 11,659,314 shares of the exchange traded fund’s stock valued at $1,094,373,000 after purchasing an additional 434,320 shares during the period. 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 IEF opened at $95.59 on Friday. The business has a 50-day simple moving average of $96.42 and a two-hundred day simple moving average of $96.60. The stock has a market cap of $46.69 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.79 and a 52 week 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 Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.2828 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.