Mercer Global Advisors Inc. ADV Reduces Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Mercer Global Advisors Inc. ADV decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Get Rating) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,320 shares of the exchange traded fund’s stock after selling 4,520 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IEF. Blair William & Co. IL raised its holdings in iShares 7-10 Year Treasury Bond ETF by 1.3% during the 1st quarter. Blair William & Co. IL now owns 11,369 shares of the exchange traded fund’s stock valued at $1,222,000 after acquiring an additional 144 shares during the period. Dakota Wealth Management purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at about $214,000. Zions Bancorporation N.A. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at about $114,000. Equitable Holdings Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 40.7% during the 1st quarter. Equitable Holdings Inc. now owns 5,027 shares of the exchange traded fund’s stock valued at $540,000 after buying an additional 1,454 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in iShares 7-10 Year Treasury Bond ETF by 4.6% during the 1st quarter. First Trust Advisors LP now owns 102,056 shares of the exchange traded fund’s stock valued at $10,968,000 after buying an additional 4,465 shares in the last quarter. Institutional investors own 75.37% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.6 %

IEF stock opened at $99.47 on Monday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.48 and a twelve month high of $105.75. The stock has a 50-day simple moving average of $99.42 and a two-hundred day simple moving average of $98.11.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 5th. Shareholders of record on Tuesday, May 2nd were issued a $0.239 dividend. This represents a $2.87 annualized dividend and a yield of 2.88%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, May 1st.

iShares 7-10 Year Treasury Bond ETF Profile

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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.