iShares 7-10 Year Treasury Bond ETF $IEF Stock Purchased by Global View Capital Management LLC

Global View Capital Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 171.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,463 shares of the exchange traded fund’s stock after purchasing an additional 9,761 shares during the period. Global View Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,381,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IEF. Bank of America Corp DE boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after buying an additional 9,414,689 shares during the period. Royal Bank of Canada grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% in the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock valued at $323,377,000 after buying an additional 2,421,315 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $96,223,000. Eastern Bank raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 136.0% during the 3rd quarter. Eastern Bank now owns 1,346,447 shares of the exchange traded fund’s stock valued at $120,251,000 after buying an additional 775,994 shares during the period. Finally, Moore Capital Management LP purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $72,819,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF opened at $91.76 on Friday. The business’s 50-day simple moving average is $90.88 and its 200 day simple moving average is $93.88. The company has a market cap of $43.69 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.3069 dividend. This represents a $3.68 annualized dividend and a yield of 4.0%. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date of this dividend was Thursday, October 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.