iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Raises Dividend to $0.32 Per Share

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) declared a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.3172 per share by the exchange traded fund on Tuesday, April 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, April 1st. This is a 12.2% increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.4%

Shares of IEF traded down $0.40 on Wednesday, hitting $95.04. 13,556,384 shares of the stock traded hands, compared to its average volume of 11,223,093. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.79 and a 1 year high of $98.04. The stock’s 50 day moving average is $96.21 and its two-hundred day moving average is $96.51. The firm has a market capitalization of $48.50 billion, a P/E ratio of -22.00 and a beta of 0.26.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IEF. Elevated Capital Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $25,000. Grey Fox Wealth Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $27,000. IFC & Insurance Marketing Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $28,000. Balentine LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Finally, Asset Dedication LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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.