GKV Capital Management Co. Inc. Invests $10.31 Million in iShares 7-10 Year Treasury Bond ETF $IEF

GKV Capital Management Co. Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 108,132 shares of the exchange traded fund’s stock, valued at approximately $10,313,000. iShares 7-10 Year Treasury Bond ETF comprises 3.3% of GKV Capital Management Co. Inc.’s investment portfolio, making the stock its 5th largest holding.

Several other institutional investors also recently modified their holdings of IEF. Diligent Investors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 4.2% in the 4th quarter. Diligent Investors LLC now owns 2,777 shares of the exchange traded fund’s stock valued at $257,000 after buying an additional 112 shares during the last quarter. Marcum Wealth LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% during the 1st quarter. Marcum Wealth LLC now owns 2,574 shares of the exchange traded fund’s stock worth $245,000 after purchasing an additional 120 shares in the last quarter. Asset Management Group Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 0.5% during the 1st quarter. Asset Management Group Inc. now owns 23,851 shares of the exchange traded fund’s stock worth $2,275,000 after purchasing an additional 123 shares in the last quarter. Trivant Custom Portfolio Group LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 72.2% during the 1st quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.0% during the 1st quarter. Kiley Juergens Wealth Management LLC now owns 13,294 shares of the exchange traded fund’s stock worth $1,268,000 after purchasing an additional 134 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 Up 0.2%

Shares of NASDAQ:IEF opened at $96.23 on Friday. The company’s 50 day moving average price is $95.10 and its two-hundred day moving average price is $94.65. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $99.18. The firm has a market cap of $35.81 billion, a PE ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, August 1st were given a dividend of $0.3088 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, August 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30.

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.