Rafferty Asset Management LLC Acquires 53,529 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Rafferty Asset Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 488,622 shares of the exchange traded fund’s stock after buying an additional 53,529 shares during the period. Rafferty Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $47,132,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IEF. Fisher Asset Management LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% during the 2nd quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock valued at $5,521,226,000 after purchasing an additional 2,686,141 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after purchasing an additional 616,905 shares during the period. Soros Fund Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $47,885,000. Captrust Financial Advisors boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after buying an additional 495,772 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,659,314 shares of the exchange traded fund’s stock worth $1,094,373,000 after buying an additional 434,320 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.4%

iShares 7-10 Year Treasury Bond ETF stock opened at $97.99 on Friday. The stock has a market cap of $47.86 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.79 and a twelve month high of $98.05. The company’s 50-day moving average price is $96.39 and its two-hundred day moving average price is $96.53.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.312 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.