Rafferty Asset Management LLC Has $47.13 Million Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Rafferty Asset Management LLC raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 488,622 shares of the exchange traded fund’s stock after buying an additional 53,529 shares during the quarter. Rafferty Asset Management LLC owned about 0.12% of iShares 7-10 Year Treasury Bond ETF worth $47,132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IEF. West Paces Advisors Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 7.9% in the third quarter. West Paces Advisors Inc. now owns 286,817 shares of the exchange traded fund’s stock valued at $27,666,000 after purchasing an additional 21,060 shares in the last quarter. Cadence Wealth Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 19.4% during the 3rd quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock worth $14,134,000 after purchasing an additional 23,819 shares in the last quarter. WestEnd Advisors LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 13.9% in the 3rd quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock valued at $72,458,000 after buying an additional 91,530 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $631,000. Finally, Forefront Wealth Partners LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $2,125,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

Shares of IEF opened at $97.99 on Friday. The company’s fifty day simple moving average is $96.39 and its 200 day simple moving average is $96.53. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.79 and a 1-year high of $98.05. The company has a market cap of $47.86 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.312 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

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. 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.