IFP Advisors Inc Boosts Stake in iShares 7-10 Year Treasury Bond ETF $IEF

IFP Advisors Inc boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 31.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 467,027 shares of the exchange traded fund’s stock after buying an additional 112,935 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 0.8% of IFP Advisors Inc’s portfolio, making the stock its 22nd biggest holding. IFP Advisors Inc owned about 0.09% of iShares 7-10 Year Treasury Bond ETF worth $44,167,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $25,000. Windsor Advisory Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $29,000. Finally, McIlrath & Eck LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 882.4% in the fourth quarter. McIlrath & Eck LLC now owns 334 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $92.96 on Thursday. The company’s fifty day moving average is $93.73 and its 200 day moving average is $94.90. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.69 and a fifty-two week high of $98.04. The stock has a market capitalization of $47.17 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a $0.3175 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 3rd.

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.