DKM Wealth Management Inc. Buys Shares of 5,239 iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

DKM Wealth Management Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,239 shares of the exchange traded fund’s stock, valued at approximately $484,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 333,731.3% in the 4th quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after buying an additional 15,621,963 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $725,489,000. JPMorgan Chase & Co. grew its position in iShares 7-10 Year Treasury Bond ETF by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock worth $2,724,153,000 after acquiring an additional 7,579,169 shares during the period. Fisher Asset Management LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 18.2% during the 4th quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock worth $4,550,389,000 after purchasing an additional 7,566,487 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 607.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,146,717 shares of the exchange traded fund’s stock valued at $112,353,000 after acquiring an additional 984,731 shares during the period. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $95.40 on Wednesday. The stock has a market capitalization of $34.76 billion, a price-to-earnings ratio of -22.19 and a beta of 0.05. The business has a 50-day moving average of $93.96 and a 200 day moving average of $94.34. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.3037 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, April 1st.

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.