JPMorgan Chase & Co. Purchases 7,506,518 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

JPMorgan Chase & Co. boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 28.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,189,868 shares of the exchange traded fund’s stock after buying an additional 7,506,518 shares during the period. JPMorgan Chase & Co. owned approximately 7.00% of iShares 7-10 Year Treasury Bond ETF worth $3,287,698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Balentine LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Asset Dedication LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Finally, Capital Investment Counsel Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $31,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $93.62 on Monday. The stock has a 50 day moving average price of $94.76 and a two-hundred day moving average price of $95.83. The firm has a market capitalization of $47.76 billion, a P/E 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.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.