Advisors Asset Management Inc. Acquires 1,859 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Advisors Asset Management Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 56.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,133 shares of the exchange traded fund’s stock after purchasing an additional 1,859 shares during the period. Advisors Asset Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of IEF. Tidal Investments LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the first quarter valued at about $670,000. Comerica Bank boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.1% in the 1st quarter. Comerica Bank now owns 133,422 shares of the exchange traded fund’s stock worth $12,630,000 after acquiring an additional 13,284 shares in the last quarter. Strategic Wealth Partners Ltd. grew its position in iShares 7-10 Year Treasury Bond ETF by 10.5% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 6,349 shares of the exchange traded fund’s stock worth $601,000 after acquiring an additional 601 shares during the last quarter. Atria Investments Inc increased its holdings in iShares 7-10 Year Treasury Bond ETF by 10.8% during the 1st quarter. Atria Investments Inc now owns 73,343 shares of the exchange traded fund’s stock valued at $6,943,000 after purchasing an additional 7,128 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in iShares 7-10 Year Treasury Bond ETF by 206.7% in the first quarter. Cetera Investment Advisers now owns 511,256 shares of the exchange traded fund’s stock worth $48,395,000 after purchasing an additional 344,568 shares in the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $94.79 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The stock has a market capitalization of $33.67 billion, a PE ratio of -21.67 and a beta of 0.05. The stock’s fifty day moving average is $95.52 and its 200-day moving average is $95.36.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.2916 dividend. This represents a $3.50 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, November 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.