iShares 7-10 Year Treasury Bond ETF $IEF Stake Boosted by Meridian Management Co.

Meridian Management Co. lifted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,937 shares of the exchange traded fund’s stock after buying an additional 11,782 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 2.9% of Meridian Management Co.’s holdings, making the stock its 9th biggest position. Meridian Management Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bison Wealth LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 115.6% during the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after purchasing an additional 113,663 shares during the last quarter. StoneX Group Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $213,000. The Manufacturers Life Insurance Company raised its stake in iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock worth $60,244,000 after purchasing an additional 616,905 shares during the period. Ausdal Financial Partners Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 7.5% during the second quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock worth $450,000 after purchasing an additional 329 shares during the period. Finally, Camarda Financial Advisors LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 7.7% during the second quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock worth $1,221,000 after purchasing an additional 913 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $94.17 on Wednesday. The firm’s 50-day moving average is $94.85 and its two-hundred day moving average is $95.91. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The company has a market capitalization of $48.04 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend is Monday, June 1st.

iShares 7-10 Year Treasury Bond ETF 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.