Kaydan Wealth Management Inc. Boosts Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Kaydan Wealth Management Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,288 shares of the exchange traded fund’s stock after buying an additional 656 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 8.6% of Kaydan Wealth Management Inc.’s portfolio, making the stock its 2nd biggest holding. Kaydan Wealth Management Inc. owned 0.08% of iShares 7-10 Year Treasury Bond ETF worth $26,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Montag A & Associates Inc. grew its position in shares of 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 purchasing an additional 160 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $31,000. Wood Tarver Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $37,000. Park Square Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $37,000. Finally, Menard Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $38,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $94.02 on Tuesday. The stock has a market capitalization of $34.04 billion, a PE ratio of -22.00 and a beta of 0.05. The business has a 50 day simple moving average of $94.31 and a two-hundred day simple moving average of $93.89. 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 Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.3101 per share. This represents a $3.72 annualized dividend and a yield of 3.96%. The ex-dividend date was Monday, June 2nd.

iShares 7-10 Year Treasury Bond ETF Company 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.