iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Stake Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,043 shares of the exchange traded fund’s stock after selling 10,839 shares during the quarter. Bank of New York Mellon Corp owned about 0.05% of iShares 7-10 Year Treasury Bond ETF worth $17,648,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. World Investment Advisors increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 329.0% in the first quarter. World Investment Advisors now owns 144,449 shares of the exchange traded fund’s stock worth $13,776,000 after acquiring an additional 110,774 shares during the last quarter. Wayfinding Financial LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth $35,000. Truist Financial Corp lifted its position in iShares 7-10 Year Treasury Bond ETF by 0.9% during the 1st quarter. Truist Financial Corp now owns 1,207,902 shares of the exchange traded fund’s stock worth $115,198,000 after acquiring an additional 10,837 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 34.9% during the 1st quarter. Capital Investment Advisory Services LLC now owns 17,893 shares of the exchange traded fund’s stock worth $1,706,000 after acquiring an additional 4,631 shares during the last quarter. Finally, Phil A. Younker & Associates Ltd. lifted its position in iShares 7-10 Year Treasury Bond ETF by 2.6% during the 1st quarter. Phil A. Younker & Associates Ltd. now owns 9,705 shares of the exchange traded fund’s stock worth $926,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $94.40 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $99.18. The firm has a market capitalization of $34.82 billion, a P/E ratio of -22.00 and a beta of 0.05. The company has a 50-day simple moving average of $94.32 and a 200-day simple moving average of $94.08.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.3032 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Tuesday, July 1st.

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.