WCG Wealth Advisors LLC Takes $1.40 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

WCG Wealth Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, HoldingsChannel reports. The fund purchased 14,568 shares of the exchange traded fund’s stock, valued at approximately $1,401,000.

Several other large investors have also added to or reduced their stakes in IEF. Fisher Asset Management LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 53.8% during the fourth quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock worth $12,965,539,000 after purchasing an additional 47,170,533 shares during the period. Ameriprise Financial Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 28.2% in the third quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock valued at $1,443,272,000 after acquiring an additional 3,291,267 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2,754.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 707,015 shares of the exchange traded fund’s stock valued at $67,987,000 after purchasing an additional 682,247 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after purchasing an additional 616,905 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 149.7% in the fourth quarter. AlphaQuest LLC now owns 1,009,045 shares of the exchange traded fund’s stock valued at $97,030,000 after purchasing an additional 605,008 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.5%

IEF stock opened at $93.62 on Friday. The stock’s 50 day moving average is $94.76 and its 200-day moving average is $95.84. The firm has a market capitalization of $47.76 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.94 and a twelve month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Monday, June 1st.

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.