Raymond James & Associates Buys 281,554 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Raymond James & Associates lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.6% during the second quarter, Holdings Channel.com reports. The firm owned 6,346,855 shares of the exchange traded fund’s stock after acquiring an additional 281,554 shares during the period. Raymond James & Associates’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $594,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEF. International Assets Investment Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $1,333,000. Vontobel Holding Ltd. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% during the fourth quarter. Vontobel Holding Ltd. now owns 10,561 shares of the exchange traded fund’s stock valued at $1,018,000 after acquiring an additional 495 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% in the 4th quarter. Oakworth Capital Inc. now owns 307 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 215 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its position in iShares 7-10 Year Treasury Bond ETF by 24,734.3% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 57,864 shares of the exchange traded fund’s stock valued at $5,578,000 after purchasing an additional 57,631 shares during the period. Finally, Cambridge Trust Co. increased its stake in iShares 7-10 Year Treasury Bond ETF by 5.1% during the 4th quarter. Cambridge Trust Co. now owns 636,686 shares of the exchange traded fund’s stock valued at $61,370,000 after purchasing an additional 30,746 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

IEF traded up $0.19 during trading on Friday, hitting $97.07. 4,437,050 shares of the company’s stock were exchanged, compared to its average volume of 7,670,372. The stock has a market cap of $30.25 billion, a P/E ratio of -21.67 and a beta of 0.05. The business’s 50 day moving average is $94.97 and its two-hundred day moving average is $93.97. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $98.58.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a $0.2891 dividend. This represents a $3.47 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, August 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.