Miller Financial Services LLC Purchases 6,061 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Miller Financial Services LLC raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 19.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 37,145 shares of the exchange traded fund’s stock after buying an additional 6,061 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises about 4.5% of Miller Financial Services LLC’s portfolio, making the stock its 2nd largest holding. Miller Financial Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,557,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IEF. JPMorgan Chase & Co. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock valued at $2,677,872,000 after purchasing an additional 1,333,142 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 12,444,874 shares of the exchange traded fund’s stock valued at $1,191,825,000 after purchasing an additional 46,734 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.5% during the 1st quarter. Raymond James Financial Inc. now owns 8,125,441 shares of the exchange traded fund’s stock worth $774,923,000 after purchasing an additional 278,079 shares during the last quarter. Blue Trust Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 6.2% during the 2nd quarter. Blue Trust Inc. now owns 5,592,724 shares of the exchange traded fund’s stock worth $535,615,000 after purchasing an additional 326,335 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,617,408 shares of the exchange traded fund’s stock worth $440,362,000 after purchasing an additional 128,076 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

NASDAQ IEF opened at $96.64 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.08 and a 12 month high of $97.77. The stock has a 50 day moving average of $96.82 and a 200-day moving average of $95.54. The company has a market cap of $40.31 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a $0.3038 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, November 3rd.

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.