Global Trust Asset Management LLC Raises Position in iShares 7-10 Year Treasury Bond ETF $IEF

Global Trust Asset Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.4% during the 1st quarter, HoldingsChannel reports. The fund owned 98,909 shares of the exchange traded fund’s stock after buying an additional 10,115 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 3.6% of Global Trust Asset Management LLC’s portfolio, making the stock its 7th biggest holding. Global Trust Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in IEF. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $28,000. Asset Dedication LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Finally, Capital Investment Counsel Inc purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $31,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.5%

NASDAQ:IEF opened at $94.57 on Wednesday. The stock has a market cap of $48.24 billion, a P/E ratio of -22.00 and a beta of 0.26. The business’s 50-day moving average price is $94.43 and its two-hundred day moving average price is $95.52. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.94 and a twelve month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3172 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 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.