Deane Retirement Strategies Inc. Purchases 56,277 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Deane Retirement Strategies Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 55.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,879 shares of the exchange traded fund’s stock after acquiring an additional 56,277 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 7.2% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 2nd biggest position. Deane Retirement Strategies Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $15,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of IEF. Montag A & Associates Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 160 shares during the last quarter. BankPlus Trust Department bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $31,000. Wood Tarver Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $37,000. Park Square Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $37,000. Finally, Menard Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $38,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.8%

Shares of NASDAQ IEF opened at $93.51 on Monday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $99.18. The company has a market cap of $33.96 billion, a PE ratio of -22.00 and a beta of 0.24. The company has a 50-day moving average of $94.48 and a two-hundred day moving average of $93.91.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were paid a dividend of $0.3101 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Monday, June 2nd.

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.