Blue Trust Inc. Has $618.07 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Blue Trust Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,475,952 shares of the exchange traded fund’s stock after buying an additional 354,797 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises approximately 7.1% of Blue Trust Inc.’s investment portfolio, making the stock its biggest position. Blue Trust Inc. owned 1.27% of iShares 7-10 Year Treasury Bond ETF worth $618,065,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $28,000. Asset Dedication LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $29,000. Finally, Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $94.73 on Thursday. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.94 and a one year high of $98.04. The company has a market capitalization of $48.32 billion, a P/E ratio of -22.00 and a beta of 0.26. The company’s 50-day simple moving average is $94.49 and its two-hundred day simple moving average is $95.56.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.