Red Cedar Investment Management LLC Acquires New Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Red Cedar Investment Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 268,484 shares of the exchange traded fund’s stock, valued at approximately $23,978,000. iShares 7-10 Year Treasury Bond ETF accounts for about 2.3% of Red Cedar Investment Management LLC’s investment portfolio, making the stock its 8th biggest holding. Red Cedar Investment Management LLC owned about 0.06% of iShares 7-10 Year Treasury Bond ETF as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IEF. Nemes Rush Group LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 4,004.8% during the third quarter. Nemes Rush Group LLC now owns 36,163 shares of the exchange traded fund’s stock worth $3,230,000 after acquiring an additional 35,282 shares in the last quarter. United Capital Management of KS Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.7% during the third quarter. United Capital Management of KS Inc. now owns 284,191 shares of the exchange traded fund’s stock worth $25,381,000 after acquiring an additional 12,639 shares during the period. Syntax Research Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 32.8% during the third quarter. Syntax Research Inc. now owns 187,323 shares of the exchange traded fund’s stock worth $16,730,000 after acquiring an additional 46,290 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $10,704,000. Finally, Journey Beyond Wealth LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $222,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1%

IEF opened at $91.80 on Tuesday. The stock has a market capitalization of $44.60 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.64 and a 12 month high of $98.04. The firm’s fifty day simple moving average is $90.71 and its 200 day simple moving average is $93.75.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.