Meridian Management Co. Raises Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Meridian Management Co. raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 26.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 54,034 shares of the exchange traded fund’s stock after purchasing an additional 11,376 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 1.4% of Meridian Management Co.’s portfolio, making the stock its 19th biggest holding. Meridian Management Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.1% in the 4th quarter. Fisher Asset Management LLC now owns 9,697,073 shares of the exchange traded fund’s stock worth $934,701,000 after acquiring an additional 467,283 shares during the last quarter. Raymond James & Associates grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.6% in the second quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock valued at $594,383,000 after purchasing an additional 281,554 shares during the period. Captrust Financial Advisors increased its position in iShares 7-10 Year Treasury Bond ETF by 11.8% during the first quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock worth $595,656,000 after purchasing an additional 662,293 shares during the last quarter. Blue Trust Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 9.7% during the first quarter. Blue Trust Inc. now owns 4,899,206 shares of the exchange traded fund’s stock worth $463,759,000 after purchasing an additional 433,840 shares during the period. Finally, LPL Financial LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 17.6% during the second quarter. LPL Financial LLC now owns 3,452,784 shares of the exchange traded fund’s stock worth $323,353,000 after purchasing an additional 517,532 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $98.88 on Friday. The firm has a 50 day simple moving average of $96.56 and a 200-day simple moving average of $94.45. The stock has a market cap of $30.81 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.86 and a 1-year high of $99.15.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.2882 dividend. The ex-dividend date was Tuesday, September 3rd.

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.