iShares 7-10 Year Treasury Bond ETF Plans Dividend of $0.31 (NASDAQ:IEF)

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) announced a dividend on Tuesday, June 30th, NASDAQ Dividends reports. Investors of record on Wednesday, July 1st will be given a dividend of 0.3111 per share by the exchange traded fund on Tuesday, July 7th. The ex-dividend date is Wednesday, July 1st.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock traded down $0.54 during midday trading on Wednesday, hitting $94.03. 7,849,321 shares of the stock traded hands, compared to its average volume of 9,164,424. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.94 and a 1-year high of $98.04. The stock’s fifty day simple moving average is $94.43 and its 200-day simple moving average is $95.52. The firm has a market cap of $46.84 billion, a P/E ratio of -22.00 and a beta of 0.26.

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

A number of institutional investors have recently modified their holdings of IEF. Fisher Asset Management LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 53.8% during the fourth quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock worth $12,965,539,000 after purchasing an additional 47,170,533 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% in the first 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 buying an additional 9,414,689 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock worth $3,287,698,000 after buying an additional 7,506,518 shares during the period. Ameriprise Financial Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock valued at $1,443,272,000 after buying an additional 3,291,267 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 19.1% during the 4th quarter. Morgan Stanley now owns 17,039,671 shares of the exchange traded fund’s stock valued at $1,638,535,000 after buying an additional 2,737,040 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Company 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.