Eastern Bank Increases Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Eastern Bank lifted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4,236.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,453 shares of the exchange traded fund’s stock after buying an additional 557,297 shares during the quarter. Eastern Bank’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $53,948,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Elevated Capital Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Windsor Advisory Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $27,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $31,000. 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 $92.82 on Tuesday. The company has a market cap of $47.12 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.69 and a one year high of $98.04. The business’s fifty day moving average is $93.90 and its two-hundred day moving average is $95.05.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.3175 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, August 3rd.

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.