Robertson Stephens Wealth Management LLC Grows Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Robertson Stephens Wealth Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,427 shares of the exchange traded fund’s stock after purchasing an additional 967 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IEF. Nuveen Asset Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $4,006,000. Vontobel Holding Ltd. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 13.2% during the fourth quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock valued at $238,000 after buying an additional 301 shares during the last quarter. Northern Trust Corp increased its holdings in iShares 7-10 Year Treasury Bond ETF by 947.5% during the fourth quarter. Northern Trust Corp now owns 107,540 shares of the exchange traded fund’s stock valued at $9,942,000 after buying an additional 97,274 shares during the last quarter. Greatmark Investment Partners Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 1.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock valued at $3,153,000 after buying an additional 625 shares during the last quarter. Finally, Portland Global Advisors LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.3% in the fourth quarter. Portland Global Advisors LLC now owns 183,848 shares of the exchange traded fund’s stock worth $16,997,000 after purchasing an additional 9,264 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $94.02 on Tuesday. The firm has a market cap of $34.04 billion, a P/E ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $99.18. The company has a 50 day simple moving average of $94.31 and a two-hundred day simple moving average of $93.89.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a $0.3101 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.96%.

iShares 7-10 Year Treasury Bond ETF 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.