First Citizens Bank & Trust Co. Acquires 8,722 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

First Citizens Bank & Trust Co. increased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 54.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,752 shares of the exchange traded fund’s stock after buying an additional 8,722 shares during the period. First Citizens Bank & Trust Co.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of IEF. Logan Capital Management Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $34,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $35,000. Dunhill Financial LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $38,000. Finally, Rakuten Securities Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% in the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.2 %

Shares of NASDAQ IEF opened at $92.47 on Monday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The company has a market cap of $31.56 billion, a PE ratio of -21.67 and a beta of 0.05. The company has a 50-day moving average of $93.17 and a two-hundred day moving average of $95.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.3075 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.99%.

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.