TIAA Trust National Association Grows Stake in iShares 7-10 Year Treasury Bond ETF $IEF

TIAA Trust National Association grew its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 193,590 shares of the exchange traded fund’s stock after acquiring an additional 9,417 shares during the quarter. TIAA Trust National Association’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,616,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cadence Wealth Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 19.4% in the 3rd quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock valued at $14,134,000 after acquiring an additional 23,819 shares during the last quarter. Arkos Global Advisors increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% in the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock valued at $54,855,000 after acquiring an additional 21,893 shares during the last quarter. Center For Asset Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $954,000. Acropolis Investment Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 121.3% in the 4th quarter. Acropolis Investment Management LLC now owns 71,174 shares of the exchange traded fund’s stock valued at $6,844,000 after acquiring an additional 39,014 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $18,139,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.3%

Shares of NASDAQ IEF opened at $93.78 on Wednesday. The stock has a market cap of $47.84 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.94 and a 52-week high of $98.04. The business has a 50-day moving average price of $94.73 and a 200 day moving average price of $95.79.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.3172 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.