GeoWealth Management LLC Purchases 6,838 Shares of iShares 7-10 Year Treasury Bond ETF $IEF
by Michael Walen · The Markets DailyGeoWealth Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) by 121.5% in the second quarter, Holdings Channel reports. The firm owned 12,468 shares of the exchange traded fund’s stock after purchasing an additional 6,838 shares during the period. GeoWealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,194,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 4.9% during the second quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock valued at $5,521,226,000 after buying an additional 2,686,141 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock valued at $2,677,872,000 after acquiring an additional 1,333,142 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,444,874 shares of the exchange traded fund’s stock valued at $1,191,825,000 after acquiring an additional 46,734 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.5% during the 1st quarter. Raymond James Financial Inc. now owns 8,125,441 shares of the exchange traded fund’s stock valued at $774,923,000 after acquiring an additional 278,079 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 6.2% during the second quarter. Blue Trust Inc. now owns 5,592,724 shares of the exchange traded fund’s stock worth $535,615,000 after purchasing an additional 326,335 shares in the last quarter. 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%
IEF stock opened at $96.47 on Friday. The company’s 50 day moving average is $96.91 and its 200 day moving average is $95.78. The stock has a market cap of $40.24 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $97.77.
iShares 7-10 Year Treasury Bond ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were issued a $0.2884 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.
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.
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