78,488 Shares in iShares 7-10 Year Treasury Bond ETF $IEF Bought by Leo Wealth LLC

Leo Wealth LLC bought a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 78,488 shares of the exchange traded fund’s stock, valued at approximately $7,010,000. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.5% of Leo Wealth LLC’s portfolio, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEF. Bank of America Corp DE grew its stake in iShares 7-10 Year Treasury Bond ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after purchasing an additional 9,414,689 shares during the period. Royal Bank of Canada raised its holdings in iShares 7-10 Year Treasury Bond ETF by 250.4% in the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after purchasing an additional 2,421,315 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter worth $96,223,000. Eastern Bank raised its holdings in iShares 7-10 Year Treasury Bond ETF by 136.0% in the third quarter. Eastern Bank now owns 1,346,447 shares of the exchange traded fund’s stock worth $120,251,000 after purchasing an additional 775,994 shares in the last quarter. Finally, Moore Capital Management LP purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $72,819,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $91.12 on Tuesday. The firm has a market capitalization of $41.48 billion, a P/E ratio of -22.00 and a beta of 0.26. The business has a fifty day simple moving average of $91.03 and a two-hundred day simple moving average of $93.98. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.64 and a 12 month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3069 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.0%. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.