Truist Financial Corp Buys 474,819 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Truist Financial Corp grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 43.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,562,835 shares of the exchange traded fund’s stock after purchasing an additional 474,819 shares during the period. Truist Financial Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $150,642,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Csenge Advisory Group raised its holdings in iShares 7-10 Year Treasury Bond ETF by 9.0% in the 3rd quarter. Csenge Advisory Group now owns 158,821 shares of the exchange traded fund’s stock worth $14,546,000 after purchasing an additional 13,115 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $2,274,000. Capital Analysts LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 8.0% in the 4th quarter. Capital Analysts LLC now owns 28,773 shares of the exchange traded fund’s stock worth $2,773,000 after buying an additional 2,125 shares during the period. Simplicity Wealth LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 146.3% in the 4th quarter. Simplicity Wealth LLC now owns 11,425 shares of the exchange traded fund’s stock worth $1,101,000 after buying an additional 6,787 shares during the period. Finally, Strategic Point Investment Advisors LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.4% in the 3rd quarter. Strategic Point Investment Advisors LLC now owns 254,387 shares of the exchange traded fund’s stock worth $23,299,000 after buying an additional 5,877 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.3 %

Shares of NASDAQ:IEF traded up $0.25 during midday trading on Friday, reaching $91.49. The company’s stock had a trading volume of 5,432,628 shares, compared to its average volume of 8,877,896. The firm has a 50 day moving average of $93.48 and a 200-day moving average of $93.62. The firm has a market capitalization of $28.08 billion, a P/E ratio of -21.49 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $100.80.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.2758 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, April 1st.

iShares 7-10 Year Treasury Bond ETF Company 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.