Crestone Asset Management LLC Invests $2.05 Million in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Crestone Asset Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,220 shares of the exchange traded fund’s stock, valued at approximately $2,045,000.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% during the 3rd quarter. Morgan Stanley now owns 15,447,394 shares of the exchange traded fund’s stock worth $1,414,827,000 after purchasing an additional 1,636,435 shares during the last quarter. UBS Group AG raised its stake in iShares 7-10 Year Treasury Bond ETF by 0.7% in the 3rd quarter. UBS Group AG now owns 10,852,625 shares of the exchange traded fund’s stock valued at $993,992,000 after acquiring an additional 79,423 shares during the period. Fisher Asset Management LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 5.5% during the fourth quarter. Fisher Asset Management LLC now owns 9,734,650 shares of the exchange traded fund’s stock worth $938,323,000 after purchasing an additional 504,860 shares during the period. Charles Schwab Investment Management Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,095,067 shares of the exchange traded fund’s stock worth $833,017,000 after purchasing an additional 327,711 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 13.3% in the third quarter. Ameriprise Financial Inc. now owns 6,849,448 shares of the exchange traded fund’s stock valued at $627,350,000 after purchasing an additional 804,424 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

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

Shares of NASDAQ IEF traded down $0.26 during mid-day trading on Wednesday, reaching $92.52. 9,023,954 shares of the company were exchanged, compared to its average volume of 8,785,366. The stock has a market capitalization of $28.47 billion, a P/E ratio of -21.67 and a beta of 0.17. The company’s 50-day simple moving average is $93.24 and its 200-day simple moving average is $93.75. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.86 and a twelve month high of $100.41.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were issued a dividend of $0.2709 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Wednesday, May 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.