Envestnet Portfolio Solutions Inc. Acquires 317,250 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Envestnet Portfolio Solutions Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 114.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 595,640 shares of the exchange traded fund’s stock after purchasing an additional 317,250 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.13% of iShares 7-10 Year Treasury Bond ETF worth $56,330,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IEF. Van ECK Associates Corp grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 12.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,019 shares of the exchange traded fund’s stock worth $96,000 after buying an additional 113 shares during the last quarter. KPP Advisory Services LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% in the first quarter. KPP Advisory Services LLC now owns 3,207 shares of the exchange traded fund’s stock valued at $306,000 after purchasing an additional 138 shares during the period. Dogwood Wealth Management LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 8.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 1,866 shares of the exchange traded fund’s stock worth $176,000 after buying an additional 144 shares during the last quarter. Balboa Wealth Partners lifted its position in iShares 7-10 Year Treasury Bond ETF by 6.1% during the first quarter. Balboa Wealth Partners now owns 2,527 shares of the exchange traded fund’s stock valued at $241,000 after purchasing an additional 145 shares during the period. Finally, Owl Creek Wealth Partners LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 12.6% in the 2nd quarter. Owl Creek Wealth Partners LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $130,000 after buying an additional 154 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock traded down $0.97 during midday trading on Wednesday, hitting $90.19. 14,504,365 shares of the stock traded hands, compared to its average volume of 8,556,649. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $89.99 and a 1-year high of $98.04. The stock’s fifty day simple moving average is $92.63 and its 200-day simple moving average is $94.00. The firm has a market cap of $41.60 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.332 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.4%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32.

iShares 7-10 Year Treasury Bond ETF 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.