Envestnet Asset Management Inc. Increases Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Envestnet Asset Management Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,382,662 shares of the exchange traded fund’s stock after acquiring an additional 630,060 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,454,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Windsor Advisory Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth about $27,000. Strive Financial Group LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 483.0% during the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 256 shares in the last quarter. Compass Financial Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $29,000. Navigoe LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the first quarter worth about $33,000. Finally, Cape Investment Advisory Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $34,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF traded down $0.97 during trading on Wednesday, reaching $90.19. 14,504,365 shares of the stock traded hands, compared to its average volume of 8,556,649. The stock has a 50-day moving average of $92.63 and a two-hundred day moving average of $94.00. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $89.99 and a 52-week high of $98.04. The stock has a market cap of $41.60 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.332 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.4%.

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.