Truist Financial Corp Grows Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Truist Financial Corp increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,730,256 shares of the exchange traded fund’s stock after acquiring an additional 46,929 shares during the period. Truist Financial Corp owned approximately 0.36% of iShares 7-10 Year Treasury Bond ETF worth $166,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IEF. Elevated Capital Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $25,000. Grey Fox Wealth Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $27,000. Balentine LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $29,000. Finally, Asset Dedication LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $29,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $94.74 on Monday. The firm has a market cap of $48.33 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $93.03 and a 12 month high of $98.04. The stock has a 50-day moving average of $95.83 and a 200 day moving average of $96.31.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be given a $0.3125 dividend. The ex-dividend date is Friday, May 1st. This represents a c) annualized dividend and a yield of 4.0%.

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.