Lazard Asset Management LLC Has $4.11 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Lazard Asset Management LLC trimmed its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 44,511 shares of the exchange traded fund’s stock after selling 596 shares during the period. Lazard Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,114,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Logan Capital Management Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 70.1% in the 4th quarter. Logan Capital Management Inc. now owns 427 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 176 shares during the last quarter. Lighthouse Investment Partners LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 69.2% in the 4th quarter. Lighthouse Investment Partners LLC now owns 21,251 shares of the exchange traded fund’s stock valued at $1,965,000 after buying an additional 8,691 shares during the last quarter. Focus Partners Wealth raised its position in iShares 7-10 Year Treasury Bond ETF by 3,920.2% in the 4th quarter. Focus Partners Wealth now owns 612,030 shares of the exchange traded fund’s stock valued at $56,595,000 after buying an additional 596,806 shares during the last quarter. Forefront Analytics LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 34.9% in the 4th quarter. Forefront Analytics LLC now owns 19,088 shares of the exchange traded fund’s stock valued at $1,765,000 after buying an additional 4,938 shares during the last quarter. Finally, Fiduciary Trust Co raised its position in iShares 7-10 Year Treasury Bond ETF by 14.6% in the 4th quarter. Fiduciary Trust Co now owns 6,046 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 768 shares during the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF opened at $93.94 on Friday. The company has a market capitalization of $34.01 billion, a PE ratio of -22.31 and a beta of 0.05. The business has a fifty day moving average price of $94.76 and a two-hundred day moving average price of $93.90. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a $0.3134 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Thursday, May 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30.

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.