Banque Pictet & Cie SA Acquires 460 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Banque Pictet & Cie SA grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,997 shares of the exchange traded fund’s stock after buying an additional 460 shares during the period. Banque Pictet & Cie SA’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Baird Financial Group Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 1,494.7% in the 4th quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after purchasing an additional 1,614,158 shares in the last quarter. GLOBALT Investments LLC GA bought a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $92,585,000. Janney Montgomery Scott LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 111.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,374,256 shares of the exchange traded fund’s stock worth $132,465,000 after purchasing an additional 723,830 shares in the last quarter. Captrust Financial Advisors boosted its stake in iShares 7-10 Year Treasury Bond ETF by 11.8% in the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock worth $595,656,000 after purchasing an additional 662,293 shares in the last quarter. Finally, Tanglewood Wealth Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $56,282,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock traded up $0.45 during mid-day trading on Friday, reaching $97.79. The stock had a trading volume of 5,475,416 shares, compared to its average volume of 7,588,222. The company has a market capitalization of $30.47 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The company has a 50-day moving average price of $95.35 and a two-hundred day moving average price of $94.03. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.86 and a one year high of $98.58.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.2891 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.47 annualized dividend and a yield of 3.55%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.