IPG Investment Advisors LLC Has $10.28 Million Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

IPG Investment Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 61.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 108,690 shares of the exchange traded fund’s stock after acquiring an additional 41,266 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.5% of IPG Investment Advisors LLC’s holdings, making the stock its 15th biggest holding. IPG Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,279,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IEF. Legacy Wealth Partners LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% in the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after purchasing an additional 13,298 shares during the last quarter. Jessup Wealth Management Inc lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% during the 4th quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock valued at $11,011,000 after purchasing an additional 5,384 shares during the last quarter. Bayshore Capital Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $891,000. Arkos Global Advisors boosted its position in iShares 7-10 Year Treasury Bond ETF by 5.2% in the fourth quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock valued at $57,530,000 after buying an additional 29,597 shares in the last quarter. Finally, Resonant Capital Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the first quarter valued at about $1,868,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $91.89 on Thursday. The stock has a market capitalization of $46.62 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 $91.78 and a 1-year high of $98.04. The firm’s 50-day moving average price is $93.13 and its two-hundred day moving average price is $94.40.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.332 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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.