Money Concepts Capital Corp Acquires 48,624 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Money Concepts Capital Corp raised its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 38.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,826 shares of the exchange traded fund’s stock after buying an additional 48,624 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 1.0% of Money Concepts Capital Corp’s holdings, making the stock its 16th largest position. Money Concepts Capital Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $16,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $27,000. Silicon Valley Capital Partners purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $37,000. WFA of San Diego LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $40,000. Finally, Richards Merrill & Peterson Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $48,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1%

Shares of IEF stock opened at $95.94 on Monday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.08 and a 12-month high of $97.77. The stock’s 50-day moving average price is $96.39 and its 200-day moving average price is $96.31. The stock has a market capitalization of $45.92 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.312 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, February 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. 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.