Bond & Devick Financial Network Inc. Increases Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Bond & Devick Financial Network Inc. raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 95,728 shares of the exchange traded fund’s stock after acquiring an additional 6,719 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 2.6% of Bond & Devick Financial Network Inc.’s investment portfolio, making the stock its 11th largest holding. Bond & Devick Financial Network Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IEF. Fisher Asset Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 52.1% during the third quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock worth $8,455,919,000 after acquiring an additional 30,011,547 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock valued at $1,443,272,000 after purchasing an additional 3,291,267 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% in the third quarter. Envestnet Asset Management Inc. now owns 12,820,353 shares of the exchange traded fund’s stock valued at $1,236,651,000 after purchasing an additional 375,479 shares during the period. Captrust Financial Advisors boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 5.2% during the second quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after buying an additional 495,772 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% during the third quarter. Raymond James Financial Inc. now owns 6,175,024 shares of the exchange traded fund’s stock worth $595,643,000 after buying an additional 290,351 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.0%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $94.60 on Friday. The company has a 50-day moving average of $96.23 and a two-hundred day moving average of $96.54. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.79 and a 12-month high of $98.04. The stock has a market cap of $46.20 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.2828 dividend. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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. 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.