Northwestern Mutual Wealth Management Co. Acquires 257,212 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Northwestern Mutual Wealth Management Co. raised its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,608,776 shares of the exchange traded fund’s stock after acquiring an additional 257,212 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.94% of iShares 7-10 Year Treasury Bond ETF worth $443,180,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Moors & Cabot Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $4,500,000. IFG Advisory LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 29.0% during the fourth quarter. IFG Advisory LLC now owns 118,345 shares of the exchange traded fund’s stock valued at $11,380,000 after buying an additional 26,571 shares in the last quarter. IPG Investment Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 13.8% during the fourth quarter. IPG Investment Advisors LLC now owns 65,694 shares of the exchange traded fund’s stock valued at $6,317,000 after buying an additional 7,978 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 10.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 368,024 shares of the exchange traded fund’s stock valued at $35,389,000 after buying an additional 35,133 shares in the last quarter. Finally, Waystone Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at about $477,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $94.54 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04. The firm has a market cap of $48.22 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock’s 50-day moving average is $94.90 and its two-hundred day moving average is $95.94.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.