Raymond James Financial Inc. Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Raymond James Financial Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,847,362 shares of the exchange traded fund’s stock, valued at approximately $725,489,000. Raymond James Financial Inc. owned 2.28% of iShares 7-10 Year Treasury Bond ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vontobel Holding Ltd. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 13.2% during the 4th quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 301 shares during the period. Axxcess Wealth Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 62.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after buying an additional 7,508 shares during the period. Van ECK Associates Corp bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $35,000. National Bank of Canada FI boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 458.8% in the 3rd quarter. National Bank of Canada FI now owns 369,823 shares of the exchange traded fund’s stock worth $36,308,000 after buying an additional 303,636 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3,410.5% in the 4th quarter. First Horizon Advisors Inc. now owns 667 shares of the exchange traded fund’s stock worth $62,000 after buying an additional 648 shares during the period. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.6 %

IEF opened at $94.56 on Thursday. The company has a 50 day moving average of $92.97 and a 200 day moving average of $94.78. The company has a market cap of $32.58 billion, a PE ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be issued a $0.2754 dividend. The ex-dividend date is Monday, March 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.