Ballew Advisors Inc Boosts Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ballew Advisors Inc increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 38.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,776 shares of the exchange traded fund’s stock after acquiring an additional 10,410 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for approximately 2.2% of Ballew Advisors Inc’s portfolio, making the stock its 8th largest position. Ballew Advisors Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,444,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IEF. CWM LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after acquiring an additional 70,696 shares in the last quarter. Lake Hills Wealth Management LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% during the third quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock worth $6,753,000 after purchasing an additional 14,906 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after purchasing an additional 7,508 shares in the last quarter. Stablepoint Partners LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 34.3% in the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock worth $2,275,000 after purchasing an additional 5,916 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $92.45 on Friday. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The firm’s 50-day simple moving average is $93.26 and its 200 day simple moving average is $95.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th.

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.