Envestnet Portfolio Solutions Inc. Raises Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Envestnet Portfolio Solutions Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 114.0% 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 595,640 shares of the exchange traded fund’s stock after buying an additional 317,250 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $56,330,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 28.1% in the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock valued at $3,287,698,000 after acquiring an additional 7,506,518 shares during the last quarter. Bank of America Corp DE lifted its stake in iShares 7-10 Year Treasury Bond ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after purchasing an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 4.3% during the second quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock worth $1,454,685,000 after purchasing an additional 630,060 shares during the last quarter. Blue Trust Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 5.8% during the first quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock worth $618,065,000 after purchasing an additional 354,797 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 13.0% in the fourth quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock valued at $555,901,000 after purchasing an additional 666,409 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 1.1%

iShares 7-10 Year Treasury Bond ETF stock traded down $0.97 during mid-day trading on Wednesday, hitting $90.19. The company had a trading volume of 14,504,365 shares, compared to its average volume of 8,556,649. The stock has a market cap of $41.60 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $89.99 and a 1 year high of $98.04. The business has a fifty day moving average of $92.63 and a 200 day moving average of $94.00.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.332 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

iShares 7-10 Year Treasury Bond ETF Company Profile

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.