Miller Financial Services LLC grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) by 16.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 47,417 shares of the exchange traded fund’s stock after purchasing an additional 6,798 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up 5.4% of Miller Financial Services LLC’s holdings, making the stock its largest holding. Miller Financial Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently bought and sold shares of the stock. Glaxis Capital Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $433,000. Kovack Advisors Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 148.6% during the fourth quarter. Kovack Advisors Inc. now owns 6,925 shares of the exchange traded fund’s stock worth $666,000 after buying an additional 4,139 shares during the last quarter. Nuveen LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $1,220,000. Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% during the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 832,849 shares of the exchange traded fund’s stock worth $80,087,000 after purchasing an additional 18,285 shares during the period. Finally, Keel Point LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 26.7% in the fourth quarter. Keel Point LLC now owns 257,369 shares of the exchange traded fund’s stock valued at $24,749,000 after buying an additional 54,277 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 Stock Up 0.7%
IEF stock opened at $94.34 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.94 and a 12-month high of $98.04. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s fifty day simple moving average is $94.67 and its 200 day simple moving average is $95.75.
iShares 7-10 Year Treasury Bond ETF Increases Dividend
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. 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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