Wellington Management Group LLP Makes New $25 Million Investment in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Wellington Management Group LLP purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 254,765 shares of the exchange traded fund’s stock, valued at approximately $24,998,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IEF. Capital Investment Counsel Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $36,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $93.69 on Friday. The firm’s 50-day moving average is $94.65 and its 200-day moving average is $95.48. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were issued a $0.292 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, December 2nd.

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.