United Capital Management of KS Inc. Has $22.86 Million Stake in iShares 7-10 Year Treasury Bond ETF $IEF

United Capital Management of KS Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 237,026 shares of the exchange traded fund’s stock after purchasing an additional 13,579 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 3.1% of United Capital Management of KS Inc.’s holdings, making the stock its 5th biggest position. United Capital Management of KS Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $22,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IEF. Orion Porfolio Solutions LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 33.1% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 18,698 shares of the exchange traded fund’s stock valued at $1,804,000 after purchasing an additional 4,650 shares during the last quarter. Advisory Alpha LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $224,000. IFG Advisory LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.1% during the third quarter. IFG Advisory LLC now owns 91,774 shares of the exchange traded fund’s stock valued at $8,853,000 after acquiring an additional 4,465 shares in the last quarter. Twin Focus Capital Partners LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 11.5% in the 3rd quarter. Twin Focus Capital Partners LLC now owns 2,906 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 299 shares in the last quarter. Finally, AmeriServ Wealth Advisors boosted its stake in iShares 7-10 Year Treasury Bond ETF by 1.3% during the 3rd quarter. AmeriServ Wealth Advisors now owns 239,583 shares of the exchange traded fund’s stock valued at $23,110,000 after purchasing an additional 3,077 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

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

iShares 7-10 Year Treasury Bond ETF stock opened at $96.51 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.79 and a 12 month high of $98.04. The stock has a fifty day simple moving average of $96.44 and a two-hundred day simple moving average of $96.57. The firm has a market cap of $47.14 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.2828 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

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. 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.