MML Investors Services LLC Increases Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

MML Investors Services LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,014 shares of the exchange traded fund’s stock after buying an additional 24,244 shares during the quarter. MML Investors Services LLC owned about 0.08% of iShares 7-10 Year Treasury Bond ETF worth $26,904,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IEF. Vontobel Holding Ltd. boosted 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 worth $238,000 after purchasing an additional 301 shares in the last quarter. Greatmark Investment Partners Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 1.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock worth $3,153,000 after buying an additional 625 shares in the last quarter. Portland Global Advisors LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 5.3% during the fourth quarter. Portland Global Advisors LLC now owns 183,848 shares of the exchange traded fund’s stock worth $16,997,000 after buying an additional 9,264 shares during the period. Beam Wealth Advisors Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 3.7% in the fourth quarter. Beam Wealth Advisors Inc. now owns 36,617 shares of the exchange traded fund’s stock valued at $3,385,000 after buying an additional 1,303 shares in the last quarter. Finally, Syntax Research Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 12.7% during the 4th quarter. Syntax Research Inc. now owns 53,563 shares of the exchange traded fund’s stock valued at $4,952,000 after acquiring an additional 6,019 shares during the period. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $94.68 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 stock has a market cap of $34.64 billion, a P/E ratio of -22.63 and a beta of 0.05. The stock’s 50 day simple moving average is $94.54 and its 200 day simple moving average is $94.01.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a $0.3037 dividend. This represents a $3.64 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.