M Holdings Securities Inc. Makes New $1.97 Million Investment in iShares 7-10 Year Treasury Bond ETF $IEF

M Holdings Securities Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,972 shares of the exchange traded fund’s stock, valued at approximately $1,972,000.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised 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 valued at $96,000 after acquiring an additional 113 shares during the period. Wetzel Investment Advisors Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 5.2% during the 3rd quarter. Wetzel Investment Advisors Inc. now owns 2,371 shares of the exchange traded fund’s stock valued at $212,000 after buying an additional 118 shares in the last quarter. Lockerman Financial Group Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% during the third quarter. Lockerman Financial Group Inc. now owns 5,776 shares of the exchange traded fund’s stock valued at $516,000 after buying an additional 118 shares during the period. 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 valued at $42,000 after buying 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 valued at $31,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $91.80 on Tuesday. The company’s 50-day moving average price is $90.71 and its 200-day moving average price is $93.75. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.64 and a 12-month high of $98.04. The company has a market cap of $44.60 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.3115 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. This represents a $3.74 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, November 2nd.

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.