iShares 7-10 Year Treasury Bond ETF $IEF is Global Trust Asset Management LLC’s 7th Largest Position

Global Trust Asset Management LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,909 shares of the exchange traded fund’s stock after buying an additional 10,115 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 3.6% of Global Trust Asset Management LLC’s portfolio, making the stock its 7th largest holding. Global Trust Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,440,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IEF. Elevated Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $28,000. Asset Dedication LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc purchased a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $94.57 on Wednesday. The stock has a fifty day moving average of $94.43 and a 200-day moving average of $95.52. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04. The company has a market capitalization of $48.24 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.3172 dividend. The ex-dividend date 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 dividend yield of 4.0%.

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.