Meridian Management Co. Has $9.68 Million Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Meridian Management Co. grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 32.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,972 shares of the exchange traded fund’s stock after purchasing an additional 25,149 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 2.7% of Meridian Management Co.’s holdings, making the stock its 9th largest holding. Meridian Management Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IEF. Asset Management Group Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 0.5% in the first quarter. Asset Management Group Inc. now owns 23,851 shares of the exchange traded fund’s stock valued at $2,275,000 after purchasing an additional 123 shares during the last quarter. Joel Adams & Associates Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.1% during the second quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock worth $394,000 after buying an additional 123 shares during the last quarter. Global Trust Asset Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 10.7% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,296 shares of the exchange traded fund’s stock worth $124,000 after buying an additional 125 shares during the period. Roundview Capital LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.6% in the 2nd quarter. Roundview Capital LLC now owns 10,182 shares of the exchange traded fund’s stock valued at $975,000 after acquiring an additional 156 shares during the last quarter. Finally, Plimoth Trust Co. LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6.6% in the 2nd quarter. Plimoth Trust Co. LLC now owns 2,563 shares of the exchange traded fund’s stock valued at $245,000 after acquiring an additional 158 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $96.85 on Friday. The firm has a market capitalization of $40.19 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s 50 day simple moving average is $96.74 and its 200 day simple moving average is $95.40. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.08 and a fifty-two week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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.