Focus Financial Network Inc. Raises Position in iShares 7-10 Year Treasury Bond ETF $IEF

Focus Financial Network Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 405,791 shares of the exchange traded fund’s stock after buying an additional 22,157 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 1.2% of Focus Financial Network Inc.’s portfolio, making the stock its 15th biggest holding. Focus Financial Network Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $38,376,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IEF. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Windsor Advisory Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $29,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $31,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $93.17 on Monday. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.69 and a one year high of $98.04. The stock has a market capitalization of $47.27 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a 50 day moving average price of $93.80 and a 200 day moving average price of $94.96.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

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

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.