Red Cedar Investment Management LLC Buys New Shares in iShares 7-10 Year Treasury Bond ETF $IEF

Red Cedar Investment Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, HoldingsChannel reports. The fund purchased 268,484 shares of the exchange traded fund’s stock, valued at approximately $23,978,000. iShares 7-10 Year Treasury Bond ETF comprises about 2.3% of Red Cedar Investment Management LLC’s portfolio, making the stock its 8th largest holding.

A number of other large investors have also recently bought and sold shares of IEF. Windsor Advisory Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $27,000. Compass Financial Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $29,000. Strive Financial Group LLC lifted its position in shares of 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 purchasing an additional 256 shares in the last quarter. West Branch Capital LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 63.3% in the third quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 133 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $34,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

Shares of IEF opened at $91.80 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.64 and a 12 month high of $98.04. The firm has a fifty day simple moving average of $90.71 and a 200 day simple moving average of $93.75. The stock has a market capitalization of $44.60 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.3115 dividend. This represents a $3.74 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, November 2nd. This is an increase 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.