First Interstate Bank Buys 5,599 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

First Interstate Bank raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,603 shares of the exchange traded fund’s stock after purchasing an additional 5,599 shares during the quarter. First Interstate Bank’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IEF. Silicon Valley Capital Partners bought a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $37,000. WFA of San Diego LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $40,000. Richards Merrill & Peterson Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $48,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $52,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $95.55 on Wednesday. The company has a market capitalization of $45.72 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.08 and a 52-week high of $97.77. The company has a 50-day simple moving average of $96.52 and a two-hundred day simple moving average of $96.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.3127 per share. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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. 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.