Focused Wealth Management Inc Raises Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Focused Wealth Management Inc grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 15.2% in the first quarter, Holdings Channel.com reports. The fund owned 40,699 shares of the exchange traded fund’s stock after purchasing an additional 5,359 shares during the period. Focused Wealth Management Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,884,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 53.8% in the 4th quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock valued at $12,965,539,000 after purchasing an additional 47,170,533 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 28.1% during the fourth quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock worth $3,287,698,000 after purchasing an additional 7,506,518 shares during the last quarter. Morgan Stanley boosted its position in iShares 7-10 Year Treasury Bond ETF by 19.1% during the fourth quarter. Morgan Stanley now owns 17,039,671 shares of the exchange traded fund’s stock worth $1,638,535,000 after purchasing an additional 2,737,040 shares in the last quarter. Ameriprise Financial Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 28.2% during the third quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock worth $1,443,272,000 after purchasing an additional 3,291,267 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in iShares 7-10 Year Treasury Bond ETF by 5.2% during the second quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after purchasing an additional 495,772 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $94.12 on Wednesday. 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 capitalization of $48.01 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock’s fifty day moving average is $94.51 and its two-hundred day moving average is $95.58.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.3172 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.