Modern Wealth Management LLC Boosts Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Modern Wealth Management LLC raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 113.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,010 shares of the exchange traded fund’s stock after purchasing an additional 89,128 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $16,090,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $37,000. Richards Merrill & Peterson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $48,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $52,000. Western Pacific Wealth Management LP purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $54,000. Finally, Cedar Wealth Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $57,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF opened at $96.19 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $97.77. The stock has a market capitalization of $40.12 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock has a 50-day simple moving average of $96.89 and a 200-day simple moving average of $95.88.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were paid a dividend of $0.2884 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, December 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.