Principle Wealth Partners LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) during the 3rd quarter, Holdings Channel reports. The fund purchased 419,986 shares of the exchange traded fund’s stock, valued at approximately $37,509,000. iShares 7-10 Year Treasury Bond ETF accounts for about 1.8% of Principle Wealth Partners LLC’s portfolio, making the stock its 11th largest position.
A number of other institutional investors have also added to or reduced their stakes in the stock. Kestra Advisory Services LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 6.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 423,017 shares of the exchange traded fund’s stock worth $37,780,000 after purchasing an additional 27,380 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 20.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 360,985 shares of the exchange traded fund’s stock valued at $32,240,000 after purchasing an additional 61,584 shares during the last quarter. Arrien Investments Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $3,035,000. Chicago Partners Investment Group LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 3.0% in the third quarter. Chicago Partners Investment Group LLC now owns 126,064 shares of the exchange traded fund’s stock valued at $11,478,000 after buying an additional 3,643 shares in the last quarter. Finally, Focused Wealth Management Inc boosted its position in iShares 7-10 Year Treasury Bond ETF by 4.6% in the third quarter. Focused Wealth Management Inc now owns 45,314 shares of the exchange traded fund’s stock valued at $4,047,000 after buying an additional 2,009 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.
iShares 7-10 Year Treasury Bond ETF Stock Performance
NASDAQ IEF opened at $91.99 on Friday. The firm’s fifty day moving average price is $90.76 and its two-hundred day moving average price is $93.79. The stock has a market cap of $43.67 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04.
iShares 7-10 Year Treasury Bond ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.3115 dividend. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, November 2nd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069.
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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Want to see what other hedge funds are holding IEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report).
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