Trustmark Bank Trust Department Has $21.11 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

Trustmark Bank Trust Department lessened its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,392 shares of the exchange traded fund’s stock after selling 1,875 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 1.5% of Trustmark Bank Trust Department’s portfolio, making the stock its 14th biggest position. Trustmark Bank Trust Department owned about 0.06% of iShares 7-10 Year Treasury Bond ETF worth $21,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Richards Merrill & Peterson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $48,000. Barnes Dennig Private Wealth Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $52,000. Western Pacific Wealth Management LP acquired a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $54,000. Cedar Wealth Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $57,000. Finally, Harbor Capital Advisors Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 141.4% during the second quarter. Harbor Capital Advisors Inc. now owns 700 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 410 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 Down 0.2%

IEF stock opened at $97.51 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.08 and a 12 month high of $97.77. The firm has a market cap of $40.67 billion, a P/E ratio of -22.00 and a beta of 0.26. The company’s 50-day moving average price is $96.88 and its two-hundred day moving average price is $95.69.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.3038 per share. The ex-dividend date was Monday, November 3rd. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a yield of 3.7%.

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.