Fifth Third Bancorp Raises Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Fifth Third Bancorp increased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 30.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 74,773 shares of the exchange traded fund’s stock after purchasing an additional 17,306 shares during the period. Fifth Third Bancorp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,913,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Logan Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $25,000. Hazlett Burt & Watson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $34,000. Van ECK Associates Corp acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. Dunhill Financial LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $38,000. Finally, Rakuten Securities Inc. increased its holdings 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 valued at $48,000 after purchasing an additional 153 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF opened at $92.47 on Monday. The stock has a fifty day moving average price of $93.17 and a 200 day moving average price of $95.22. 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.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.