Acropolis Investment Management LLC Has $6.84 Million Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Acropolis Investment Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 121.3% during the fourth quarter, Holdings Channel reports. The firm owned 71,174 shares of the exchange traded fund’s stock after acquiring an additional 39,014 shares during the period. Acropolis Investment Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IEF. Fisher Asset Management LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 52.1% during the third quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock worth $8,455,919,000 after purchasing an additional 30,011,547 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock worth $1,443,272,000 after buying an additional 3,291,267 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 2,754.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 707,015 shares of the exchange traded fund’s stock valued at $67,987,000 after buying an additional 682,247 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after buying an additional 616,905 shares in the last quarter. Finally, Soros Fund Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $47,885,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.0%

Shares of NASDAQ IEF opened at $94.60 on Friday. The company has a market cap of $46.20 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.79 and a 12 month high of $98.04. The stock has a 50-day moving average price of $96.23 and a two-hundred day moving average price of $96.53.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.2828 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.