RFG Advisory LLC Has $6.75 Million Stake in iShares 7-10 Year Treasury Bond ETF $IEF

RFG Advisory LLC grew its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 343.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,332 shares of the exchange traded fund’s stock after purchasing an additional 55,249 shares during the period. RFG Advisory LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Wealth Partners LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 159.7% in the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after buying an additional 13,298 shares during the last quarter. Jessup Wealth Management Inc lifted its position in iShares 7-10 Year Treasury Bond ETF by 4.9% during the 4th quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock worth $11,011,000 after buying an additional 5,384 shares in the last quarter. Bayshore Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $891,000. Arkos Global Advisors boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the 4th quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock worth $57,530,000 after buying an additional 29,597 shares during the last quarter. Finally, Resonant Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at about $1,868,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $92.16 on Wednesday. The stock’s 50-day simple moving average is $93.17 and its 200 day simple moving average is $94.44. The company has a market cap of $46.76 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.04 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.332 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.