iShares 7-10 Year Treasury Bond ETF $IEF Shares Acquired by Twele Capital Management Inc.

Twele Capital Management Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 562,022 shares of the exchange traded fund’s stock after purchasing an additional 20,041 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for 8.3% of Twele Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. Twele Capital Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $50,194,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its position in iShares 7-10 Year Treasury Bond ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after acquiring an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after purchasing an additional 630,060 shares during the last quarter. Blue Trust Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 5.8% in the 1st quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock valued at $618,065,000 after purchasing an additional 354,797 shares during the last quarter. Captrust Financial Advisors raised its position in iShares 7-10 Year Treasury Bond ETF by 13.0% in the fourth quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock valued at $555,901,000 after purchasing an additional 666,409 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in iShares 7-10 Year Treasury Bond ETF by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock valued at $479,282,000 after purchasing an additional 217,157 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF traded up $0.11 during trading on Tuesday, reaching $89.54. The stock had a trading volume of 12,778,693 shares, compared to its average volume of 8,782,964. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04. The business’s 50-day moving average price is $91.55 and its 200-day moving average price is $93.37. The company has a market cap of $41.34 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.3069 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.