Central Pacific Bank Trust Division Has $5.95 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Central Pacific Bank Trust Division grew its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 190.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,350 shares of the exchange traded fund’s stock after buying an additional 40,899 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 0.8% of Central Pacific Bank Trust Division’s portfolio, making the stock its 17th largest holding. Central Pacific Bank Trust Division’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,946,000 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. First Hawaiian Bank raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 227.1% during the 1st quarter. First Hawaiian Bank now owns 65,808 shares of the exchange traded fund’s stock worth $6,276,000 after buying an additional 45,687 shares in the last quarter. Insight Wealth Strategies LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 1.5% in the first quarter. Insight Wealth Strategies LLC now owns 261,912 shares of the exchange traded fund’s stock valued at $24,979,000 after acquiring an additional 3,915 shares during the last quarter. Marcum Wealth LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 4.9% in the first quarter. Marcum Wealth LLC now owns 2,574 shares of the exchange traded fund’s stock valued at $245,000 after acquiring an additional 120 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in iShares 7-10 Year Treasury Bond ETF by 3.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 8,587 shares of the exchange traded fund’s stock worth $819,000 after acquiring an additional 263 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $39,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

IEF opened at $94.29 on Friday. The company has a market cap of $34.13 billion, a P/E ratio of -22.10 and a beta of 0.05. The company’s 50 day moving average is $94.58 and its 200-day moving average is $93.88. 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 business also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.3134 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date was Thursday, May 1st. This is a boost 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.