Barings LLC Buys 28,018 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Barings LLC raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 659,861 shares of the exchange traded fund’s stock after buying an additional 28,018 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 1.2% of Barings LLC’s portfolio, making the stock its 13th largest position. Barings LLC owned approximately 0.14% of iShares 7-10 Year Treasury Bond ETF worth $63,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IEF. Elevated Capital Advisors LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $25,000. Balentine LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Asset Dedication LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Finally, Capital Investment Counsel Inc acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $31,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.34 on Friday. The company has a market cap of $48.12 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.94 and a 52-week high of $98.04. The stock has a 50-day simple moving average of $94.67 and a 200 day simple moving average of $95.75.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.3172 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, June 1st.

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.