Arvest Investments Inc. Purchases 645 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Arvest Investments Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 33,952 shares of the exchange traded fund’s stock after acquiring an additional 645 shares during the period. Arvest Investments Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IEF. Montag A & Associates Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 160 shares during the period. BankPlus Trust Department bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $31,000. Wood Tarver Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $37,000. Park Square Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $37,000. Finally, Menard Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $38,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $94.23 on Thursday. The company has a market capitalization of $34.11 billion, a PE ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18. The business has a 50 day simple moving average of $94.36 and a 200 day simple moving average of $93.91.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a $0.3101 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.72 annualized dividend and a yield of 3.95%.

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.