Ibex Wealth Advisors Buys New Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ibex Wealth Advisors bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,378 shares of the exchange traded fund’s stock, valued at approximately $1,699,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 66.3% during the second quarter. The Manufacturers Life Insurance Company now owns 314,814 shares of the exchange traded fund’s stock worth $29,482,000 after purchasing an additional 125,517 shares during the last quarter. Ascent Group LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 11.2% during the 2nd quarter. Ascent Group LLC now owns 10,193 shares of the exchange traded fund’s stock valued at $955,000 after acquiring an additional 1,026 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 5,381 shares of the exchange traded fund’s stock worth $504,000 after acquiring an additional 514 shares during the period. SPC Financial Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 6.5% in the second quarter. SPC Financial Inc. now owns 51,067 shares of the exchange traded fund’s stock valued at $4,782,000 after purchasing an additional 3,121 shares during the period. Finally, Cetera Investment Advisers grew its holdings in iShares 7-10 Year Treasury Bond ETF by 2.7% in the second quarter. Cetera Investment Advisers now owns 524,977 shares of the exchange traded fund’s stock valued at $49,164,000 after purchasing an additional 13,721 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 Stock Performance

iShares 7-10 Year Treasury Bond ETF stock traded up $0.07 during trading on Wednesday, reaching $93.15. The company had a trading volume of 389,622 shares, compared to its average volume of 4,805,210. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The stock’s 50 day moving average price is $93.14 and its two-hundred day moving average price is $95.19. The firm has a market capitalization of $31.94 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 3.96%. 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.

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.