Kaydan Wealth Management Inc. Has $26.12 Million Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Kaydan Wealth Management Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 89.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 270,776 shares of the exchange traded fund’s stock after purchasing an additional 127,726 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 7.5% of Kaydan Wealth Management Inc.’s holdings, making the stock its 5th largest holding. Kaydan Wealth Management Inc. owned 0.07% of iShares 7-10 Year Treasury Bond ETF worth $26,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fisher Asset Management LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% in the second quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock valued at $5,521,226,000 after purchasing an additional 2,686,141 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4,057.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,899,503 shares of the exchange traded fund’s stock worth $181,156,000 after buying an additional 1,853,812 shares during the period. Peavine Capital LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $160,837,000. The Manufacturers Life Insurance Company increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after acquiring an additional 616,905 shares during the last quarter. Finally, Summit Financial Consulting LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 9,052.5% in the 2nd quarter. Summit Financial Consulting LLC now owns 554,550 shares of the exchange traded fund’s stock valued at $53,109,000 after acquiring an additional 548,491 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $96.44 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $97.77. The stock has a market cap of $40.23 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm has a 50 day moving average price of $96.80 and a 200 day moving average price of $96.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.3127 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, December 19th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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. 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.