Maxi Investments CY Ltd Takes $15.14 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

Maxi Investments CY Ltd purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 157,000 shares of the exchange traded fund’s stock, valued at approximately $15,144,000. iShares 7-10 Year Treasury Bond ETF accounts for about 1.2% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 5th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. West Paces Advisors Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 7.9% in the 3rd quarter. West Paces Advisors Inc. now owns 286,817 shares of the exchange traded fund’s stock valued at $27,666,000 after acquiring an additional 21,060 shares in the last quarter. Cadence Wealth Management LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 19.4% during the third quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock worth $14,134,000 after purchasing an additional 23,819 shares in the last quarter. WestEnd Advisors LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 13.9% during the third quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock worth $72,458,000 after purchasing an additional 91,530 shares in the last quarter. Capital Investment Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $631,000. Finally, Arkos Global Advisors increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% in the third quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock worth $54,855,000 after purchasing an additional 21,893 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $96.02 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.79 and a 1-year high of $98.04. The company has a market capitalization of $46.90 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm’s 50 day simple moving average is $96.41 and its 200 day simple moving average is $96.61.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.2828 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.