iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) is Nationwide Fund Advisors’ Largest Position

Nationwide Fund Advisors lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 8.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,834,331 shares of the exchange traded fund’s stock after acquiring an additional 212,233 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 29.1% of Nationwide Fund Advisors’ portfolio, making the stock its biggest position. Nationwide Fund Advisors owned about 0.93% of iShares 7-10 Year Treasury Bond ETF worth $268,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IEF. Pasadena Private Wealth LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.3% during the 1st quarter. Pasadena Private Wealth LLC now owns 2,559 shares of the exchange traded fund’s stock worth $242,000 after purchasing an additional 129 shares during the period. HBK Sorce Advisory LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 4,094 shares of the exchange traded fund’s stock worth $395,000 after acquiring an additional 150 shares during the last quarter. Nemes Rush Group LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 57.4% during the 4th quarter. Nemes Rush Group LLC now owns 425 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 155 shares during the period. Narus Financial Partners LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.2% in the first quarter. Narus Financial Partners LLC now owns 12,905 shares of the exchange traded fund’s stock valued at $1,222,000 after buying an additional 155 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 6.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,589 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock traded up $0.35 during mid-day trading on Tuesday, reaching $93.02. The company had a trading volume of 8,195,728 shares, compared to its average volume of 7,965,217. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $97.19. The company has a market capitalization of $28.50 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The firm has a fifty day simple moving average of $93.08 and a 200 day simple moving average of $94.02.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be issued a $0.2851 dividend. This represents a $3.42 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Monday, July 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.