Matrix Trust Co Boosts Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Matrix Trust Co raised its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 66.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,879 shares of the exchange traded fund’s stock after purchasing an additional 1,151 shares during the period. Matrix Trust Co’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IEF. GoalVest Advisory LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $26,000. Nemes Rush Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $25,000. Oakworth Capital Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% in the fourth quarter. Oakworth Capital Inc. now owns 307 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 215 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $30,000. Finally, JFS Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $30,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF traded up $0.25 during midday trading on Friday, hitting $91.49. The company’s stock had a trading volume of 5,432,628 shares, compared to its average volume of 8,877,896. The business’s 50 day simple moving average is $93.48 and its 200 day simple moving average is $93.62. The company has a market cap of $28.08 billion, a P/E ratio of -21.49 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $100.80.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2758 per share. This represents a $3.31 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Monday, April 1st.

iShares 7-10 Year Treasury Bond ETF 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.