JPMorgan Chase & Co. Purchases 7,579,169 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

JPMorgan Chase & Co. boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 37.5% during the third quarter, Holdings Channel reports. The institutional investor owned 27,763,482 shares of the exchange traded fund’s stock after purchasing an additional 7,579,169 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of iShares 7-10 Year Treasury Bond ETF worth $2,724,153,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $1,016,000. CWM LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% during the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after purchasing an additional 70,696 shares during the last quarter. Lake Hills Wealth Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% during the 3rd quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock worth $6,753,000 after purchasing an additional 14,906 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock valued at $1,913,000 after buying an additional 7,508 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $28,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock traded up $0.07 during trading hours on Thursday, reaching $92.32. The stock had a trading volume of 3,702,207 shares, compared to its average volume of 7,601,666. The stock has a 50-day simple moving average of $94.13 and a 200 day simple moving average of $95.48. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The stock has a market capitalization of $32.79 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.3075 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.