Envestnet Asset Management Inc. Buys 630,060 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Envestnet Asset Management Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,382,662 shares of the exchange traded fund’s stock after acquiring an additional 630,060 shares during the quarter. Envestnet Asset Management Inc. owned 3.33% of iShares 7-10 Year Treasury Bond ETF worth $1,454,685,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Legacy Wealth Partners LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% during the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after purchasing an additional 13,298 shares during the period. Jessup Wealth Management Inc boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the 4th quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock worth $11,011,000 after buying an additional 5,384 shares during the last quarter. Arkos Global Advisors boosted its position in iShares 7-10 Year Treasury Bond ETF by 5.2% in the fourth quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock worth $57,530,000 after purchasing an additional 29,597 shares during the last quarter. Resonant Capital Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth about $1,868,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 5.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,608,776 shares of the exchange traded fund’s stock valued at $443,180,000 after purchasing an additional 257,212 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF traded down $0.97 during trading on Wednesday, hitting $90.19. 14,504,365 shares of the company were exchanged, compared to its average volume of 8,556,649. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $89.99 and a 52-week high of $98.04. The stock has a 50 day moving average of $92.63 and a 200 day moving average of $94.00. The company has a market cap of $41.60 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.332 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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.