Royal Bank of Canada Has $323.38 Million Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Royal Bank of Canada grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 250.4% in the first quarter, HoldingsChannel.com reports. The fund owned 3,388,286 shares of the exchange traded fund’s stock after acquiring an additional 2,421,315 shares during the period. Royal Bank of Canada’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $323,377,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IEF. Elevated Capital Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Windsor Advisory Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the first quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $29,000. Finally, Capital Investment Counsel Inc acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $31,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ IEF opened at $93.17 on Thursday. The company’s fifty day moving average is $93.96 and its 200-day moving average is $95.11. The stock has a market cap of $47.23 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.76 and a twelve month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.3111 per share. The ex-dividend date of this dividend was Wednesday, July 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.