The Manufacturers Life Insurance Company Purchases 313,733 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

The Manufacturers Life Insurance Company raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 99.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 628,547 shares of the exchange traded fund’s stock after purchasing an additional 313,733 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.18% of iShares 7-10 Year Treasury Bond ETF worth $61,673,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 161.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,733 shares of the exchange traded fund’s stock valued at $164,000 after acquiring an additional 1,071 shares in the last quarter. Tidal Investments LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at about $670,000. Comerica Bank lifted its position in iShares 7-10 Year Treasury Bond ETF by 11.1% during the first quarter. Comerica Bank now owns 133,422 shares of the exchange traded fund’s stock worth $12,630,000 after acquiring an additional 13,284 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its position in iShares 7-10 Year Treasury Bond ETF by 10.5% during the first quarter. Strategic Wealth Partners Ltd. now owns 6,349 shares of the exchange traded fund’s stock worth $601,000 after acquiring an additional 601 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.8% during the first quarter. Atria Investments Inc now owns 73,343 shares of the exchange traded fund’s stock worth $6,943,000 after acquiring an additional 7,128 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 Trading Up 0.4 %

Shares of NASDAQ IEF opened at $94.79 on Thursday. The business’s 50 day moving average is $95.52 and its 200-day moving average is $95.36. The firm has a market cap of $33.67 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.2916 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Friday, November 1st. This represents a $3.50 annualized dividend and a yield of 3.69%.

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.