Moneywise Inc. Acquires 9,188 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Moneywise Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 397.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,501 shares of the exchange traded fund’s stock after acquiring an additional 9,188 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.0% of Moneywise Inc.’s portfolio, making the stock its 28th largest holding. Moneywise Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,027,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. IMC Chicago LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 58.2% in the second quarter. IMC Chicago LLC now owns 55,388 shares of the exchange traded fund’s stock worth $5,238,000 after acquiring an additional 20,379 shares during the last quarter. Centerline Wealth Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $2,636,000. Resonant Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $1,868,000. Silverleafe Capital Partners LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $15,876,000. Finally, Risk Paradigm Group LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 8.9% in the 2nd quarter. Risk Paradigm Group LLC now owns 79,693 shares of the exchange traded fund’s stock worth $7,537,000 after purchasing an additional 6,484 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $91.16 on Wednesday. The stock has a market cap of $43.27 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The firm’s 50-day moving average is $90.82 and its 200 day moving average is $93.83. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.64 and a 1 year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.3115 per share. The ex-dividend date is Monday, November 2nd. This represents a $3.74 dividend on an annualized basis and a yield of 4.1%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069.

iShares 7-10 Year Treasury Bond ETF Company 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.