M Holdings Securities Inc. Acquires New Stake in iShares 7-10 Year Treasury Bond ETF $IEF

M Holdings Securities Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,625 shares of the exchange traded fund’s stock, valued at approximately $1,507,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bison Wealth LLC raised its holdings in 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 worth $19,602,000 after purchasing an additional 113,663 shares during the last quarter. Savant Capital LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.7% in the 2nd quarter. Savant Capital LLC now owns 4,290 shares of the exchange traded fund’s stock valued at $411,000 after purchasing an additional 230 shares during the last quarter. Allworth Financial LP increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 14.0% during the second quarter. Allworth Financial LP now owns 1,474 shares of the exchange traded fund’s stock worth $141,000 after buying an additional 181 shares during the period. Good Life Advisors LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 21.8% during the second quarter. Good Life Advisors LLC now owns 5,638 shares of the exchange traded fund’s stock worth $540,000 after buying an additional 1,009 shares during the period. Finally, Evolution Wealth Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $386,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1%

IEF stock opened at $95.59 on Friday. The firm has a market cap of $46.69 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s fifty day simple moving average is $96.42 and its 200 day simple moving average is $96.60. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.79 and a 12-month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.2828 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.