660 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Acquired by Grove Bank & Trust

Grove Bank & Trust bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the first quarter, Holdings Channel.com reports. The fund bought 660 shares of the exchange traded fund’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Advisers LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 333,731.3% in the fourth quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock worth $1,444,683,000 after acquiring an additional 15,621,963 shares during the period. Raymond James Financial Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $725,489,000. Fisher Asset Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 18.2% in the 4th quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock worth $4,550,389,000 after purchasing an additional 7,566,487 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3,365.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 640,710 shares of the exchange traded fund’s stock worth $59,234,000 after buying an additional 622,224 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 3,920.2% in the fourth quarter. Focus Partners Wealth now owns 612,030 shares of the exchange traded fund’s stock valued at $56,595,000 after acquiring an additional 596,806 shares during the period. Institutional investors own 81.48% of the company’s stock.

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

iShares 7-10 Year Treasury Bond ETF stock opened at $94.54 on Thursday. The firm’s 50 day simple moving average is $94.30 and its 200 day simple moving average is $93.90. The firm has a market capitalization of $34.22 billion, a PE 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.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a dividend of $0.3101 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.94%.

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.