Comerica Bank Has $6.80 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Comerica Bank cut its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,517 shares of the exchange traded fund’s stock after selling 16,746 shares during the quarter. Comerica Bank’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 947.5% during the 4th quarter. Northern Trust Corp now owns 107,540 shares of the exchange traded fund’s stock worth $9,942,000 after buying an additional 97,274 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $9,513,000. Bellwether Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $79,000. Tudor Investment Corp ET AL grew its holdings in iShares 7-10 Year Treasury Bond ETF by 377.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 112,776 shares of the exchange traded fund’s stock worth $10,426,000 after purchasing an additional 89,133 shares during the period. Finally, Betterment LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 7.6% in the fourth quarter. Betterment LLC now owns 47,830 shares of the exchange traded fund’s stock valued at $4,422,000 after purchasing an additional 3,367 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.7 %

Shares of NASDAQ IEF opened at $94.70 on Monday. The firm’s 50-day moving average price is $94.88 and its 200-day moving average price is $93.94. The firm has a market capitalization of $34.28 billion, a P/E ratio of -22.31 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st will be paid a $0.3134 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, May 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30.

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.