Ballew Advisors Inc Increases Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ballew Advisors Inc raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 38.0% during the fourth quarter, Holdings Channel reports. The fund owned 37,776 shares of the exchange traded fund’s stock after buying an additional 10,410 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up approximately 2.2% of Ballew Advisors Inc’s portfolio, making the stock its 8th largest position. Ballew Advisors Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after purchasing an additional 70,696 shares during the last quarter. Lake Hills Wealth Management LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 27.6% in the third quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock worth $6,753,000 after buying an additional 14,906 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% in the third quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock valued at $1,913,000 after buying an additional 7,508 shares during the period. Stablepoint Partners LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 34.3% during the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock valued at $2,275,000 after buying an additional 5,916 shares during the last quarter. Finally, Van ECK Associates Corp bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $35,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $92.45 on Friday. 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. The business has a 50-day moving average of $93.26 and a 200 day moving average of $95.26. The firm has a market cap of $31.50 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 Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.3075 dividend. 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. This represents a $3.69 annualized dividend and a dividend yield of 3.99%.

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.