Biltmore Wealth Management LLC Increases Position in iShares 7-10 Year Treasury Bond ETF $IEF

Biltmore Wealth Management LLC grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,066 shares of the exchange traded fund’s stock after acquiring an additional 233 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises about 0.7% of Biltmore Wealth Management LLC’s portfolio, making the stock its 17th biggest position. Biltmore Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 72.9% during the 1st quarter. HB Wealth Management LLC now owns 4,851 shares of the exchange traded fund’s stock worth $463,000 after buying an additional 2,046 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $4,006,000. Wealth Enhancement Advisory Services LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,606,373 shares of the exchange traded fund’s stock worth $153,200,000 after buying an additional 7,420 shares during the last quarter. GAMMA Investing LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 974.6% during the 1st quarter. GAMMA Investing LLC now owns 2,289 shares of the exchange traded fund’s stock worth $218,000 after buying an additional 2,076 shares during the last quarter. Finally, Independence Financial Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth $14,612,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $97.20 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $99.14. The stock’s fifty day moving average price is $95.52 and its 200 day moving average price is $94.93. The company has a market cap of $36.17 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.3141 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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.