Drive Wealth Management LLC Boosts Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Drive Wealth Management LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,924 shares of the exchange traded fund’s stock after acquiring an additional 144 shares during the period. Drive Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners OCIO LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $225,675,000. Ameriprise Financial Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock valued at $1,060,398,000 after acquiring an additional 1,082,837 shares during the period. Captrust Financial Advisors lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 11.8% in the first quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after acquiring an additional 662,293 shares during the period. Envestnet Asset Management Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock worth $1,212,164,000 after purchasing an additional 610,635 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 17.6% during the 2nd quarter. LPL Financial LLC now owns 3,452,784 shares of the exchange traded fund’s stock valued at $323,353,000 after purchasing an additional 517,532 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 Stock Up 0.0 %

NASDAQ IEF opened at $93.32 on Monday. The company has a 50-day moving average price of $96.22 and a 200-day moving average price of $95.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The firm has a market capitalization of $33.15 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.2916 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Friday, November 1st.

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.