Gilpin Wealth Management LLC Acquires Shares of 11,683 iShares 7-10 Year Treasury Bond ETF $IEF

Gilpin Wealth Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 11,683 shares of the exchange traded fund’s stock, valued at approximately $1,123,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $6,008,000. M Holdings Securities Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 25.9% in the fourth quarter. M Holdings Securities Inc. now owns 19,679 shares of the exchange traded fund’s stock valued at $1,892,000 after purchasing an additional 4,054 shares during the last quarter. Jessup Wealth Management Inc increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the fourth quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock valued at $11,011,000 after purchasing an additional 5,384 shares during the last quarter. Sharpepoint LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 235.8% in the fourth quarter. Sharpepoint LLC now owns 74,859 shares of the exchange traded fund’s stock valued at $7,198,000 after purchasing an additional 52,568 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,113,979 shares of the exchange traded fund’s stock valued at $107,120,000 after purchasing an additional 9,347 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $93.69 on Thursday. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.94 and a one year high of $98.04. The company has a market cap of $47.79 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm’s fifty day moving average price is $94.69 and its two-hundred day moving average price is $95.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3172 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Monday, June 1st.

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.