iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Stock Position Boosted by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 257,997 shares of the exchange traded fund’s stock after purchasing an additional 6,458 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 3.2% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 8th largest holding. Insight Wealth Strategies LLC owned about 0.08% of iShares 7-10 Year Treasury Bond ETF worth $23,852,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Logan Capital Management Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $34,000. Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $35,000. Dunhill Financial LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $38,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $43,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock traded down $0.11 during mid-day trading on Monday, reaching $92.24. 2,665,907 shares of the company traded hands, compared to its average volume of 3,474,314. The firm’s fifty day moving average is $93.72 and its two-hundred day moving average is $95.40. The company has a market capitalization of $31.33 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.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.3075 dividend. This represents a $3.69 annualized dividend and a dividend yield of 4.00%. 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.