Jessup Wealth Management Inc Purchases 5,384 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Jessup Wealth Management Inc lifted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,509 shares of the exchange traded fund’s stock after acquiring an additional 5,384 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises approximately 3.6% of Jessup Wealth Management Inc’s holdings, making the stock its 7th largest holding. Jessup Wealth Management Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IEF. Bison Wealth LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% during the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after acquiring an additional 113,663 shares in the last quarter. StoneX Group Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $213,000. The Manufacturers Life Insurance Company lifted its stake in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after buying an additional 616,905 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 7.5% in the second quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 329 shares during the last quarter. Finally, Camarda Financial Advisors LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 7.7% in the second quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock valued at $1,221,000 after buying an additional 913 shares during the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $93.69 on Thursday. The stock has a market capitalization of $47.79 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.94 and a 1 year high of $98.04. The stock’s fifty day moving average is $94.69 and its two-hundred day moving average is $95.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.3172 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.