Kingsview Wealth Management LLC Has $35.39 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Kingsview Wealth Management LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 368,024 shares of the exchange traded fund’s stock after buying an additional 35,133 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $35,389,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of IEF. Elevated Capital Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Balentine LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Asset Dedication LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Finally, Cornerstone Planning Group LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 249.4% during the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.32 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04. The firm has a market cap of $48.11 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The firm’s 50-day simple moving average is $94.94 and its 200 day simple moving average is $95.96.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.3125 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 1st.

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.