Modern Wealth Management LLC Purchases 11,711 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Modern Wealth Management LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 17.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,882 shares of the exchange traded fund’s stock after acquiring an additional 11,711 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,523,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IEF. Northern Trust Corp lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 947.5% during the fourth quarter. Northern Trust Corp now owns 107,540 shares of the exchange traded fund’s stock valued at $9,942,000 after purchasing an additional 97,274 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% during the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after purchasing an additional 113,663 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $4,006,000. Sig Brokerage LP purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $612,000. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 14.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 25,059 shares of the exchange traded fund’s stock valued at $2,317,000 after purchasing an additional 3,251 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $97.26 on Friday. The firm has a 50 day moving average price of $95.37 and a 200-day moving average price of $94.88. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $99.18. The firm has a market capitalization of $36.19 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.3141 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 2nd.

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.