Cynosure Group LLC Invests $11.66 Million in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Cynosure Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 118,856 shares of the exchange traded fund’s stock, valued at approximately $11,662,000. iShares 7-10 Year Treasury Bond ETF accounts for 1.7% of Cynosure Group LLC’s holdings, making the stock its 16th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 104.5% in the third quarter. Fisher Asset Management LLC now owns 41,653,513 shares of the exchange traded fund’s stock valued at $4,087,043,000 after acquiring an additional 21,282,662 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock worth $1,212,164,000 after purchasing an additional 610,635 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock valued at $1,060,398,000 after acquiring an additional 1,082,837 shares in the last quarter. Bank of Montreal Can increased its position in iShares 7-10 Year Treasury Bond ETF by 233.7% during the 3rd quarter. Bank of Montreal Can now owns 7,700,921 shares of the exchange traded fund’s stock worth $757,694,000 after purchasing an additional 5,393,398 shares during the period. Finally, Raymond James & Associates grew its holdings in iShares 7-10 Year Treasury Bond ETF by 3.8% during the third quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock worth $646,346,000 after acquiring an additional 240,449 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2 %

Shares of NASDAQ IEF opened at $94.41 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The stock has a market capitalization of $33.53 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The firm has a 50-day moving average price of $95.52 and a 200 day moving average price of $95.36.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.2916 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 annualized dividend and a yield of 3.71%.

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.