256,011 iShares 7-10 Year Treasury Bond ETF $IEF Shares Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 54.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 726,955 shares of the exchange traded fund’s stock after buying an additional 256,011 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for 1.1% of Evergreen Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Evergreen Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $64,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Windsor Advisory Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth $27,000. Compass Financial Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $29,000. Strive Financial Group LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 483.0% in the second quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 256 shares during the last quarter. West Branch Capital LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 63.3% during the 3rd quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 133 shares in the last quarter. Finally, Navigoe LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2%

Shares of IEF opened at $91.05 on Friday. The firm has a market cap of $41.70 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.64 and a 12-month high of $98.04. The company’s 50 day simple moving average is $91.05 and its 200-day simple moving average is $93.08.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.3069 per share. This represents a $3.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, October 1st. 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.