Bond & Devick Financial Network Inc. Has $8.59 Million Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Bond & Devick Financial Network Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,009 shares of the exchange traded fund’s stock after acquiring an additional 11,326 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 2.6% of Bond & Devick Financial Network Inc.’s holdings, making the stock its 11th biggest position. Bond & Devick Financial Network Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $8,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 249.4% in the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. Silicon Valley Capital Partners bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $37,000. Finally, WFA of San Diego LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $40,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $96.07 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.08 and a fifty-two week high of $97.77. The firm has a market capitalization of $46.92 billion, a PE ratio of -22.00 and a beta of 0.26. The company’s 50-day moving average is $96.24 and its 200 day moving average is $96.32.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.312 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, February 2nd.

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. 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.