Blue Trust Inc. Purchases 248,776 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Blue Trust Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,249,125 shares of the exchange traded fund’s stock after acquiring an additional 248,776 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 6.1% of Blue Trust Inc.’s investment portfolio, making the stock its 2nd biggest position. Blue Trust Inc. owned approximately 1.54% of iShares 7-10 Year Treasury Bond ETF worth $515,044,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 109.5% during the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after purchasing an additional 70,696 shares during the period. Lake Hills Wealth Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% in the 3rd quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock valued at $6,753,000 after acquiring an additional 14,906 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock valued at $1,913,000 after acquiring an additional 7,508 shares during the last quarter. Stablepoint Partners LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 34.3% in the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock valued at $2,275,000 after acquiring an additional 5,916 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $92.47 on Monday. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The company has a market cap of $31.56 billion, a P/E ratio of -21.67 and a beta of 0.05. The business’s 50-day simple moving average is $93.17 and its 200-day simple moving average is $95.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.3075 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.99%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.