McElhenny Sheffield Capital Management LLC Invests $96.22 Million in iShares 7-10 Year Treasury Bond ETF $IEF

McElhenny Sheffield Capital Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEFFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,017,476 shares of the exchange traded fund’s stock, valued at approximately $96,223,000. iShares 7-10 Year Treasury Bond ETF makes up about 23.8% of McElhenny Sheffield Capital Management LLC’s portfolio, making the stock its 2nd largest holding. McElhenny Sheffield Capital Management LLC owned about 0.20% of iShares 7-10 Year Treasury Bond ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IEF. Columbus Macro LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.0% in the second quarter. Columbus Macro LLC now owns 36,229 shares of the exchange traded fund’s stock valued at $3,426,000 after buying an additional 709 shares during the last quarter. Apollon Wealth Management LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 10.7% during the second quarter. Apollon Wealth Management LLC now owns 39,133 shares of the exchange traded fund’s stock worth $3,701,000 after acquiring an additional 3,782 shares during the last quarter. Albion Financial Group UT acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $38,000. Two West Capital Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 6.2% in the 2nd quarter. Two West Capital Advisors LLC now owns 9,212 shares of the exchange traded fund’s stock worth $862,000 after acquiring an additional 537 shares during the period. Finally, Entelevest LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 3.2% in the 2nd quarter. Entelevest LLC now owns 16,302 shares of the exchange traded fund’s stock worth $1,542,000 after acquiring an additional 503 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

Shares of IEF stock opened at $93.30 on Friday. The firm has a fifty day simple moving average of $93.71 and a 200-day simple moving average of $94.88. The company has a market capitalization of $47.34 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.69 and a twelve month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a $0.3175 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 3rd.

iShares 7-10 Year Treasury Bond ETF Profile

(Free Report)

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.

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Institutional Ownership by Quarter for iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

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