NewEdge Advisors LLC Purchases 13,653 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

NewEdge Advisors LLC lifted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.7% in the second quarter, HoldingsChannel.com reports. The firm owned 382,730 shares of the exchange traded fund’s stock after purchasing an additional 13,653 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $36,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEF. Legacy Wealth Partners LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 159.7% during the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after purchasing an additional 13,298 shares during the period. Jessup Wealth Management Inc lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% in the 4th quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock worth $11,011,000 after purchasing an additional 5,384 shares in the last quarter. Bayshore Capital Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $891,000. Arkos Global Advisors boosted its stake in iShares 7-10 Year Treasury Bond ETF by 5.2% in the 4th quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock worth $57,530,000 after purchasing an additional 29,597 shares during the period. Finally, Resonant Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at approximately $1,868,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $91.89 on Thursday. The stock has a market cap of $46.62 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.78 and a 1 year high of $98.04. The firm’s 50 day moving average price is $93.13 and its 200-day moving average price is $94.40.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.332 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a yield of 4.3%.

iShares 7-10 Year Treasury Bond ETF Company Profile

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.