Betterment LLC Raises Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Betterment LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 77.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,765 shares of the exchange traded fund’s stock after buying an additional 57,963 shares during the quarter. Betterment LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IEF. Fisher Asset Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 52.1% in the third quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock valued at $8,455,919,000 after acquiring an additional 30,011,547 shares during the period. The Manufacturers Life Insurance Company increased its holdings in iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock worth $60,244,000 after acquiring an additional 616,905 shares during the period. Soros Fund Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $47,885,000. Captrust Financial Advisors lifted its stake in iShares 7-10 Year Treasury Bond ETF by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after purchasing an additional 495,772 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,659,314 shares of the exchange traded fund’s stock valued at $1,094,373,000 after purchasing an additional 434,320 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $95.69 on Friday. The firm has a market capitalization of $46.73 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.79 and a one year high of $98.04. The company has a fifty day moving average price of $96.43 and a 200-day moving average price of $96.60.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.2828 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.