First Foundation Advisors Buys 31,647 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

First Foundation Advisors raised its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,174 shares of the exchange traded fund’s stock after buying an additional 31,647 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 0.7% of First Foundation Advisors’ holdings, making the stock its 29th largest position. First Foundation Advisors’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $19,153,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Fisher Asset Management LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 18.2% during the fourth quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after purchasing an additional 7,566,487 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock worth $2,724,153,000 after purchasing an additional 7,579,169 shares in the last quarter. Wealthfront Advisers LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 333,731.3% during the fourth quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after acquiring an additional 15,621,963 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $725,489,000. Finally, Blue Trust Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 9.9% during the fourth quarter. Blue Trust Inc. now owns 5,497,557 shares of the exchange traded fund’s stock valued at $508,249,000 after acquiring an additional 497,208 shares in the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $94.60 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The firm has a market cap of $34.95 billion, a PE ratio of -22.63 and a beta of 0.05. The company has a 50 day simple moving average of $94.36 and a two-hundred day simple moving average of $94.21.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.3037 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.85%.

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.