Flputnam Investment Management Co. Purchases 9,370 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Flputnam Investment Management Co. raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 176,226 shares of the exchange traded fund’s stock after purchasing an additional 9,370 shares during the period. Flputnam Investment Management Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $16,999,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IEF. FDx Advisors Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.8% during the second quarter. FDx Advisors Inc. now owns 2,349 shares of the exchange traded fund’s stock valued at $225,000 after buying an additional 107 shares during the last quarter. SouthState Corp boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.0% during the 2nd quarter. SouthState Corp now owns 3,145 shares of the exchange traded fund’s stock valued at $301,000 after acquiring an additional 120 shares during the period. Joel Adams & Associates Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.1% during the 2nd quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 123 shares during the period. Global Trust Asset Management LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 10.7% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,296 shares of the exchange traded fund’s stock valued at $124,000 after acquiring an additional 125 shares during the last quarter. Finally, Roundview Capital LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 1.6% in the second quarter. Roundview Capital LLC now owns 10,182 shares of the exchange traded fund’s stock worth $975,000 after purchasing an additional 156 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5%

NASDAQ:IEF opened at $96.24 on Friday. The company has a market cap of $40.14 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.08 and a twelve month high of $97.77. The stock has a fifty day simple moving average of $96.90 and a 200-day simple moving average of $95.97.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th will be given a $0.3127 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a yield of 3.9%.

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.