Greenleaf Trust Buys 75,581 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Greenleaf Trust boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,140,073 shares of the exchange traded fund’s stock after purchasing an additional 75,581 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 1.0% of Greenleaf Trust’s investment portfolio, making the stock its 11th biggest position. Greenleaf Trust owned 0.24% of iShares 7-10 Year Treasury Bond ETF worth $101,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IEF. Bank of America Corp DE lifted its stake in iShares 7-10 Year Treasury Bond ETF by 69.8% in the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after purchasing an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after buying an additional 630,060 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock valued at $479,282,000 after acquiring an additional 217,157 shares during the last quarter. Royal Bank of Canada increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% during the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after buying an additional 2,421,315 shares during the period. Finally, Wealthcare Capital Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 1.8% during the 2nd quarter. Wealthcare Capital Management LLC now owns 1,843,045 shares of the exchange traded fund’s stock worth $174,297,000 after acquiring an additional 32,242 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $91.76 on Monday. The stock has a 50 day simple moving average of $90.88 and a two-hundred day simple moving average of $93.88. The company has a market cap of $43.26 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be paid a $0.3115 dividend. This represents a $3.74 annualized dividend and a yield of 4.1%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. The ex-dividend date of this dividend is Monday, November 2nd.

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.