Bank of New York Mellon Corp Has $18.11 Million Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Bank of New York Mellon Corp grew its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,882 shares of the exchange traded fund’s stock after purchasing an additional 32,248 shares during the period. Bank of New York Mellon Corp owned about 0.06% of iShares 7-10 Year Treasury Bond ETF worth $18,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vontobel Holding Ltd. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 13.2% during the fourth quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 301 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 62.6% during the third quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after buying an additional 7,508 shares during the last quarter. Van ECK Associates Corp bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $35,000. National Bank of Canada FI boosted its position in iShares 7-10 Year Treasury Bond ETF by 458.8% during the third quarter. National Bank of Canada FI now owns 369,823 shares of the exchange traded fund’s stock worth $36,308,000 after purchasing an additional 303,636 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 3,410.5% during the fourth quarter. First Horizon Advisors Inc. now owns 667 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 648 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $94.71 on Wednesday. The company has a fifty day moving average price of $93.15 and a two-hundred day moving average price of $94.68. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The stock has a market cap of $32.63 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.2754 dividend. The ex-dividend date was Monday, March 3rd.

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.