Nationwide Fund Advisors Has $297.09 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Nationwide Fund Advisors lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,213,523 shares of the exchange traded fund’s stock after acquiring an additional 24,364 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 23.8% of Nationwide Fund Advisors’ portfolio, making the stock its 2nd biggest position. Nationwide Fund Advisors’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $297,090,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IEF. Logan Capital Management Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $34,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $35,000. Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $38,000. Finally, Rakuten Securities Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

NASDAQ:IEF opened at $92.97 on Thursday. The company has a 50-day moving average of $93.13 and a 200-day moving average of $95.18. The firm has a market cap of $31.88 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. This represents a $3.69 dividend on an annualized basis and a yield of 3.97%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th.

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.