Portside Wealth Group LLC Increases Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Portside Wealth Group LLC lifted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 8.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,684 shares of the exchange traded fund’s stock after purchasing an additional 3,153 shares during the period. Portside Wealth Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,785,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Montag A & Associates Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 113.5% during the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 160 shares during the period. BankPlus Trust Department purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $31,000. Wood Tarver Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $37,000. Park Square Financial Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $37,000. Finally, Menard Financial Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $93.51 on Monday. The stock has a market capitalization of $33.96 billion, a price-to-earnings ratio of -22.00 and a beta of 0.24. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $99.18. The business has a fifty day moving average price of $94.48 and a 200-day moving average price of $93.91.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

About iShares 7-10 Year Treasury Bond ETF

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.