Cwm LLC Expands Investment in iShares 7-10 Year Treasury Bond ETF

Cwm LLC has significantly increased its investment in the iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) during the third quarter of the year. According to their recent filing with the Securities and Exchange Commission, the company boosted its holdings by an impressive 109.5%. Following this increase, Cwm LLC now owns 135,281 shares of the ETF after acquiring an additional 70,696 shares in the period.

As of this latest filing, Cwm LLC's total stake in the iShares 7-10 Year Treasury Bond ETF is valued at approximately $13,274,000. This strategic move highlights the firm's commitment to diversifying their portfolio with Treasury bonds, which are known for their stability.

In addition to Cwm LLC's activity, several other institutional investors have also made moves regarding their shares in the iShares 7-10 Year Treasury Bond ETF. Notably, Cerity Partners OCIO LLC established a new position in the fund during the second quarter, investing about $225,675,000. Ameriprise Financial Inc. raised its shares in the ETF by 10.6%, now owning 11,330,200 shares valued at around $1,060,398,000 after acquiring an additional 1,082,837 shares. Furthermore, GLOBALT Investments LLC entered a new commitment of approximately $92,585,000 in the fourth quarter.

Captrust Financial Advisors also enhanced their stake by 11.8%, holding 6,292,590 shares worth $595,656,000 after a recent purchase. Additionally, Envestnet Asset Management Inc. increased its holdings by 5.0%, owning 12,943,561 shares valued at $1,212,164,000 after acquiring 610,635 shares in the last quarter. Collectively, hedge funds and institutional investors control 81.48% of the stock in this ETF.

Stock Performance of iShares 7-10 Year Treasury Bond ETF

The iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) opened trading at $95.86 on Friday. Over the past year, its stock has reached a low of $88.86 and a high of $99.18, giving it a solid market cap of $33.21 billion. The ETF currently exhibits a price-to-earnings ratio of -21.67, with a beta of 0.05, indicating its low volatility. The 50-day moving average price stands at $97.61, while the 200-day moving average price is at $94.91.

Recent Dividend Announcement

The iShares 7-10 Year Treasury Bond ETF recently announced a dividend payment. This dividend, amounting to $0.2882, was distributed on Friday, September 6th, to shareholders who were recorded as of Tuesday, September 3rd. The ex-dividend date was also on September 3rd, making it essential for investors to own shares before this date to receive the payment.

Company Overview of iShares 7-10 Year Treasury Bond ETF

The iShares 7-10 Year Treasury Bond ETF is an exchange-traded fund designed to track the investment performance of an index comprised of U.S. Treasury bonds with remaining maturities between seven and ten years. The ETF aims to replicate the results of the Barclays U.S. Treasury 7-10 Year Index, providing investors with exposure to this segment of the bond market.

investment, ETF, bonds