JPMorgan Chase & Co. Has $2.68 Billion Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

JPMorgan Chase & Co. raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,076,649 shares of the exchange traded fund’s stock after buying an additional 1,333,142 shares during the period. JPMorgan Chase & Co. owned about 7.76% of iShares 7-10 Year Treasury Bond ETF worth $2,677,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IEF. Diligent Investors LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.2% during the fourth quarter. Diligent Investors LLC now owns 2,777 shares of the exchange traded fund’s stock valued at $257,000 after purchasing an additional 112 shares during the last quarter. Marcum Wealth LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% during the first quarter. Marcum Wealth LLC now owns 2,574 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 120 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 72.2% during the first quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Kiley Juergens Wealth Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.0% during the first quarter. Kiley Juergens Wealth Management LLC now owns 13,294 shares of the exchange traded fund’s stock valued at $1,268,000 after purchasing an additional 134 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 1.0% in the fourth quarter. Continuum Advisory LLC now owns 13,580 shares of the exchange traded fund’s stock valued at $1,255,000 after acquiring an additional 138 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

IEF opened at $95.38 on Friday. The company has a fifty day moving average price of $94.71 and a two-hundred day moving average price of $94.41. 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 $35.49 billion, a PE ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, August 1st were issued a dividend of $0.3088 per share. The ex-dividend date of this dividend was Friday, August 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.30.

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.