Truist Financial Corp Increases Position in iShares 7-10 Year Treasury Bond ETF $IEF

Truist Financial Corp raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,730,256 shares of the exchange traded fund’s stock after purchasing an additional 46,929 shares during the quarter. Truist Financial Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $166,381,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. West Paces Advisors Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 7.9% during the third quarter. West Paces Advisors Inc. now owns 286,817 shares of the exchange traded fund’s stock valued at $27,666,000 after buying an additional 21,060 shares during the period. Cadence Wealth Management LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 19.4% in the 3rd quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock valued at $14,134,000 after buying an additional 23,819 shares during the period. WestEnd Advisors LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 13.9% in the 3rd quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock valued at $72,458,000 after buying an additional 91,530 shares during the period. Capital Investment Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $631,000. Finally, Arkos Global Advisors boosted its position in iShares 7-10 Year Treasury Bond ETF by 4.0% in the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock valued at $54,855,000 after buying an additional 21,893 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $94.74 on Monday. The firm has a market capitalization of $48.33 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a 50 day moving average price of $95.83 and a 200 day moving average price of $96.31. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $93.03 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be issued a $0.3125 dividend. The ex-dividend date is Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.