WealthPlan Investment Management LLC Makes New Investment in iShares 7-10 Year Treasury Bond ETF $IEF

WealthPlan Investment Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,258 shares of the exchange traded fund’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in iShares 7-10 Year Treasury Bond ETF by 1,285.0% during the second quarter. Allianz Asset Management GmbH now owns 62,960 shares of the exchange traded fund’s stock worth $6,030,000 after buying an additional 58,414 shares during the period. Mutual Advisors LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 11.3% during the second quarter. Mutual Advisors LLC now owns 1,933,490 shares of the exchange traded fund’s stock worth $183,179,000 after purchasing an additional 196,393 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.4% during the second quarter. Ritholtz Wealth Management now owns 148,110 shares of the exchange traded fund’s stock worth $14,184,000 after purchasing an additional 3,438 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 8.0% during the second quarter. Harbour Investments Inc. now owns 3,122 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 232 shares during the last quarter. Finally, JGP Wealth Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $470,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2%

NASDAQ:IEF opened at $97.39 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.08 and a twelve month high of $97.59. The company has a market cap of $38.87 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05. The stock has a fifty day simple moving average of $96.35 and a 200-day simple moving average of $95.22.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.2945 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, October 1st.

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.