Litman Gregory Wealth Management LLC Has $6.29 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Litman Gregory Wealth Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 68,071 shares of the exchange traded fund’s stock after buying an additional 4,071 shares during the period. Litman Gregory Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,293,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $25,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $34,000. Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $35,000. Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $38,000. Finally, Rakuten Securities Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 45.1% in the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2 %

NASDAQ IEF opened at $93.02 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The company has a market capitalization of $31.90 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The stock’s 50 day moving average is $93.11 and its two-hundred day moving average is $95.15.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.3075 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a yield of 3.97%. The ex-dividend date 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.