First Interstate Bank Buys Shares of 55,004 iShares 7-10 Year Treasury Bond ETF $IEF

First Interstate Bank acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the second quarter, Holdings Channel.com reports. The fund acquired 55,004 shares of the exchange traded fund’s stock, valued at approximately $5,268,000.

Other institutional investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 72.9% in the first quarter. HB Wealth Management LLC now owns 4,851 shares of the exchange traded fund’s stock valued at $463,000 after acquiring an additional 2,046 shares during the last quarter. GAMMA Investing LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 974.6% during the 1st quarter. GAMMA Investing LLC now owns 2,289 shares of the exchange traded fund’s stock valued at $218,000 after purchasing an additional 2,076 shares during the last quarter. Independence Financial Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $14,612,000. Joel Adams & Associates Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 3.1% in the 2nd quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 123 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock worth $2,677,872,000 after purchasing an additional 1,333,142 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $97.39 on Monday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.08 and a twelve month high of $97.59. The firm’s 50-day simple moving average is $96.35 and its 200-day simple moving average is $95.21. The firm has a market cap of $39.03 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.2945 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.