Davies Financial Advisors Inc. Buys Shares of 16,206 iShares 7-10 Year Treasury Bond ETF $IEF

Davies Financial Advisors Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 16,206 shares of the exchange traded fund’s stock, valued at approximately $1,552,000. iShares 7-10 Year Treasury Bond ETF accounts for about 1.2% of Davies Financial Advisors Inc.’s holdings, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bison Wealth LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 115.6% in the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after buying an additional 113,663 shares during the last quarter. Allworth Financial LP raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 19.9% in the 1st quarter. Allworth Financial LP now owns 1,293 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 215 shares during the period. Dakota Wealth Management lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.8% in the 1st quarter. Dakota Wealth Management now owns 11,674 shares of the exchange traded fund’s stock worth $1,113,000 after acquiring an additional 210 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 12,745 shares of the exchange traded fund’s stock worth $1,215,000 after purchasing an additional 631 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 55.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 19,270 shares of the exchange traded fund’s stock worth $1,838,000 after purchasing an additional 6,849 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

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

Shares of NASDAQ IEF opened at $96.60 on Friday. The business’s 50 day moving average is $96.85 and its two-hundred day moving average is $95.51. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $97.77. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were issued a $0.3038 dividend. The ex-dividend date was Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 3.8%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.