iShares 7-10 Year Treasury Bond ETF $IEF Stake Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,278,744 shares of the exchange traded fund’s stock after selling 797,905 shares during the period. JPMorgan Chase & Co. owned 0.07% of iShares 7-10 Year Treasury Bond ETF worth $2,612,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IEF. Richards Merrill & Peterson Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $48,000. Barnes Dennig Private Wealth Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $52,000. Western Pacific Wealth Management LP acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $54,000. Cedar Wealth Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $57,000. Finally, Harbor Capital Advisors Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 141.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 700 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.3%

Shares of NASDAQ:IEF opened at $97.19 on Friday. The firm’s 50 day moving average is $96.82 and its two-hundred day moving average is $95.57. The firm has a market capitalization of $40.54 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

iShares 7-10 Year Treasury Bond ETF 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.