Dorsey & Whitney Trust CO LLC Takes $6.01 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

Dorsey & Whitney Trust CO LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 62,482 shares of the exchange traded fund’s stock, valued at approximately $6,008,000.

A number of other hedge funds also recently made changes to their positions in IEF. Bison Wealth LLC raised its holdings in shares of 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 valued at $19,602,000 after buying an additional 113,663 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at approximately $213,000. The Manufacturers Life Insurance Company raised its holdings in shares of 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 valued at $60,244,000 after buying an additional 616,905 shares during the last quarter. Ausdal Financial Partners Inc. raised its holdings in shares of 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 valued at $450,000 after buying an additional 329 shares during the last quarter. Finally, Camarda Financial Advisors LLC raised its holdings in shares of 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 valued at $1,221,000 after buying an additional 913 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF opened at $93.69 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The stock has a market cap of $47.79 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock’s 50 day moving average price is $94.69 and its 200 day moving average price is $95.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.3172 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) annualized dividend and a yield of 4.1%.

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. 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.