Maxi Investments CY Ltd Makes New $15.14 Million Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Maxi Investments CY Ltd bought a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 157,000 shares of the exchange traded fund’s stock, valued at approximately $15,144,000. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.2% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 5th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of IEF. Fisher Asset Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 52.1% in the 3rd quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock worth $8,455,919,000 after buying an additional 30,011,547 shares during the period. Ameriprise Financial Inc. raised its holdings in 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 acquiring an additional 3,291,267 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 12,820,353 shares of the exchange traded fund’s stock worth $1,236,651,000 after acquiring an additional 375,479 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of 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 acquiring an additional 495,772 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the third quarter. Raymond James Financial Inc. now owns 6,175,024 shares of the exchange traded fund’s stock worth $595,643,000 after acquiring an additional 290,351 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.4%

Shares of IEF opened at $96.02 on Tuesday. The business’s 50-day moving average price is $96.41 and its 200-day moving average price is $96.61. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.79 and a twelve month high of $98.04. The stock has a market cap of $46.90 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.2828 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.5%.

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.