Envestnet Asset Management Inc. Acquires 375,479 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Envestnet Asset Management Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,820,353 shares of the exchange traded fund’s stock after buying an additional 375,479 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,236,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of IEF. West Paces Advisors Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 7.9% during the third quarter. West Paces Advisors Inc. now owns 286,817 shares of the exchange traded fund’s stock valued at $27,666,000 after buying an additional 21,060 shares during the last quarter. WestEnd Advisors LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 13.9% during the third quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock valued at $72,458,000 after acquiring an additional 91,530 shares during the period. Capital Investment Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $631,000. Barings LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 2.2% in the 2nd quarter. Barings LLC now owns 642,944 shares of the exchange traded fund’s stock valued at $61,575,000 after acquiring an additional 13,550 shares in the last quarter. Finally, Forefront Wealth Partners LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $2,125,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1%

Shares of NASDAQ:IEF opened at $95.53 on Wednesday. The firm has a market capitalization of $45.74 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.08 and a 1-year high of $97.77. The business’s 50 day moving average is $96.31 and its 200-day moving average is $96.33.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.312 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, February 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.