Northwestern Mutual Wealth Management Co. Purchases 257,212 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 4,608,776 shares of the exchange traded fund’s stock after buying an additional 257,212 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $443,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 53.8% in the 4th quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock valued at $12,965,539,000 after buying an additional 47,170,533 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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 buying an additional 3,291,267 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% in the 3rd 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 buying an additional 375,479 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of 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 valued at $956,908,000 after buying an additional 495,772 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,487,110 shares of the exchange traded fund’s stock valued at $816,120,000 after buying an additional 72,188 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $94.54 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.94 and a 52-week high of $98.04. The stock has a market cap of $48.22 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The firm has a fifty day moving average of $94.90 and a 200-day moving average of $95.94.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.3125 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, May 1st.

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.