Assetmark Inc. Buys 328,290 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Assetmark Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 32.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,336,059 shares of the exchange traded fund’s stock after purchasing an additional 328,290 shares during the quarter. Assetmark Inc. owned about 0.26% of iShares 7-10 Year Treasury Bond ETF worth $127,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Elevated Capital Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $28,000. Asset Dedication LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Finally, Capital Investment Counsel Inc purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $31,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $93.72 on Friday. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.94 and a one year high of $98.04. The stock has a market cap of $47.03 billion, a PE ratio of -22.00 and a beta of 0.26. The firm has a 50 day simple moving average of $94.09 and a two-hundred day simple moving average of $95.31.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3111 per share. The ex-dividend date was Wednesday, July 1st.

iShares 7-10 Year Treasury Bond ETF Company 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.