LPL Financial LLC Grows Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

LPL Financial LLC grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,170,220 shares of the exchange traded fund’s stock after acquiring an additional 516,634 shares during the period. LPL Financial LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $497,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IEF. Elevated Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $25,000. Asset Dedication LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Balentine LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $31,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $93.52 on Tuesday. The stock has a market capitalization of $47.70 billion, a P/E ratio of -22.00 and a beta of 0.26. The company has a 50 day moving average price of $94.74 and a 200 day moving average price of $95.81. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.3172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. This is an increase 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.