WealthCare Asset Management LLC Acquires New Stake in iShares 7-10 Year Treasury Bond ETF $IEF

WealthCare Asset Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, HoldingsChannel reports. The fund acquired 34,764 shares of the exchange traded fund’s stock, valued at approximately $3,105,000. iShares 7-10 Year Treasury Bond ETF accounts for 2.7% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other institutional investors have also recently made changes to their positions in IEF. Van ECK Associates Corp lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 12.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,019 shares of the exchange traded fund’s stock worth $96,000 after buying an additional 113 shares in the last quarter. Wetzel Investment Advisors Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the third quarter. Wetzel Investment Advisors Inc. now owns 2,371 shares of the exchange traded fund’s stock worth $212,000 after acquiring an additional 118 shares in the last quarter. Lockerman Financial Group Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% in the third quarter. Lockerman Financial Group Inc. now owns 5,776 shares of the exchange traded fund’s stock worth $516,000 after acquiring an additional 118 shares in the last quarter. CX Institutional increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 36.7% during the third quarter. CX Institutional now owns 469 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 126 shares during the period. Finally, West Branch Capital LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 63.3% during the third quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1%

iShares 7-10 Year Treasury Bond ETF stock opened at $91.12 on Tuesday. The firm has a market capitalization of $41.48 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.64 and a twelve month high of $98.04. The stock’s fifty day simple moving average is $91.03 and its 200-day simple moving average is $93.98.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.3069 per share. This represents a $3.68 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

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.