iShares 7-10 Year Treasury Bond ETF $IEF Stock: Twele Capital Management Inc. Raises Position

Twele Capital Management Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 562,022 shares of the exchange traded fund’s stock after purchasing an additional 20,041 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 8.3% of Twele Capital Management Inc.’s holdings, making the stock its 5th largest position. Twele Capital Management Inc. owned about 0.12% of iShares 7-10 Year Treasury Bond ETF worth $50,194,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IEF. Catalyst Private Wealth LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 55.6% in the third quarter. Catalyst Private Wealth LLC now owns 12,004 shares of the exchange traded fund’s stock valued at $1,072,000 after purchasing an additional 4,291 shares during the period. Lincoln Capital Corp increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 8.7% during the third quarter. Lincoln Capital Corp now owns 137,459 shares of the exchange traded fund’s stock worth $12,276,000 after purchasing an additional 11,015 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 4,437.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 623,109 shares of the exchange traded fund’s stock worth $55,650,000 after purchasing an additional 609,376 shares during the last quarter. Gilpin Wealth Management LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 11.3% during the 3rd quarter. Gilpin Wealth Management LLC now owns 13,046 shares of the exchange traded fund’s stock worth $1,165,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Prism Advisors Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 33.6% in the 3rd quarter. Prism Advisors Inc. now owns 21,929 shares of the exchange traded fund’s stock valued at $1,962,000 after buying an additional 5,510 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock traded up $0.11 during midday trading on Tuesday, reaching $89.54. The company had a trading volume of 12,778,693 shares, compared to its average volume of 8,782,964. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.64 and a 12-month high of $98.04. The company has a market capitalization of $41.34 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm’s fifty day simple moving average is $91.55 and its 200-day simple moving average is $93.37.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.3069 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.1%.

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.