Mayflower Financial Advisors LLC Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Mayflower Financial Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,444 shares of the exchange traded fund’s stock, valued at approximately $503,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IEF. Fisher Asset Management LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 104.5% in the 3rd quarter. Fisher Asset Management LLC now owns 41,653,513 shares of the exchange traded fund’s stock valued at $4,087,043,000 after buying an additional 21,282,662 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares 7-10 Year Treasury Bond ETF by 37.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock valued at $2,724,153,000 after acquiring an additional 7,579,169 shares during the period. Captrust Financial Advisors raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 23.2% during the third quarter. Captrust Financial Advisors now owns 8,563,295 shares of the exchange traded fund’s stock valued at $840,232,000 after acquiring an additional 1,612,274 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% during the third quarter. Bank of Montreal Can now owns 7,700,921 shares of the exchange traded fund’s stock worth $757,694,000 after purchasing an additional 5,393,398 shares during the period. Finally, Raymond James & Associates grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.8% in the third quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock worth $646,346,000 after purchasing an additional 240,449 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1 %

Shares of NASDAQ:IEF opened at $92.97 on Thursday. The firm has a market cap of $31.88 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The business has a fifty day simple moving average of $93.13 and a 200 day simple moving average of $95.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.3075 per share. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. 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.