62,482 Shares in iShares 7-10 Year Treasury Bond ETF $IEF Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 62,482 shares of the exchange traded fund’s stock, valued at approximately $6,008,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IEF. Elevated Capital Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $25,000. Balentine LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $29,000. Asset Dedication LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $29,000. Finally, Capital Investment Counsel Inc bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $31,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $93.69 on Thursday. The stock has a market capitalization of $47.79 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.94 and a 1 year high of $98.04. The business’s fifty day moving average is $94.69 and its two-hundred day moving average is $95.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.3172 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 1st.

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.