United Advisor Group LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) by 34.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,335 shares of the exchange traded fund’s stock after purchasing an additional 8,966 shares during the period. United Advisor Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,156,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of IEF. Windsor Advisory Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth about $27,000. Strive Financial Group LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 483.0% in the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 256 shares in the last quarter. Compass Financial Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $29,000. West Branch Capital LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 63.3% during the 3rd quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 133 shares in the last quarter. Finally, Navigoe LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.
iShares 7-10 Year Treasury Bond ETF Price Performance
IEF stock traded down $0.11 during midday trading on Friday, hitting $91.86. 8,613,787 shares of the stock traded hands, compared to its average volume of 9,172,454. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04. The stock’s fifty day simple moving average is $90.73 and its 200-day simple moving average is $93.77. The firm has a market cap of $44.63 billion, a P/E ratio of -22.00 and a beta of 0.27.
iShares 7-10 Year Treasury Bond ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were given a dividend of $0.3115 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. This represents a $3.74 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, November 2nd.
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. 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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