Pinnacle Wealth Management Advisory Group LLC Grows Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pinnacle Wealth Management Advisory Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 33.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,076 shares of the exchange traded fund’s stock after purchasing an additional 13,891 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,309,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $25,000. GoalVest Advisory LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $26,000. Islay Capital Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $29,000. SouthState Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $29,000. Finally, JFS Wealth Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $30,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.3 %

Shares of IEF traded up $0.27 during mid-day trading on Thursday, hitting $92.79. The stock had a trading volume of 5,840,090 shares, compared to its average volume of 8,751,118. The company has a market cap of $28.43 billion, a PE ratio of -21.67 and a beta of 0.05. The company’s fifty day simple moving average is $93.21 and its two-hundred day simple moving average is $93.74. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $100.41.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were issued a $0.2709 dividend. This represents a $3.25 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Wednesday, May 1st.

iShares 7-10 Year Treasury Bond ETF 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.