Envestnet Portfolio Solutions Inc. Purchases 25,463 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Envestnet Portfolio Solutions Inc. raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 12.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 233,506 shares of the exchange traded fund’s stock after purchasing an additional 25,463 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $22,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of IEF. Cadence Wealth Management LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 19.4% in the third quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock valued at $14,134,000 after buying an additional 23,819 shares during the period. Arkos Global Advisors raised its holdings in iShares 7-10 Year Treasury Bond ETF by 4.0% in the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock valued at $54,855,000 after acquiring an additional 21,893 shares in the last quarter. Acropolis Investment Management LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 121.3% during the 4th quarter. Acropolis Investment Management LLC now owns 71,174 shares of the exchange traded fund’s stock valued at $6,844,000 after acquiring an additional 39,014 shares during the period. Center For Asset Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $954,000. Finally, AAFMAA Wealth Management & Trust LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $18,139,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $93.47 on Tuesday. The stock has a market capitalization of $47.68 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock’s fifty day moving average is $95.26 and its 200 day moving average is $96.09. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $93.03 and a 52 week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.3125 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 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. 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.