Park Avenue Securities LLC Buys 24,555 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Park Avenue Securities LLC increased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,652 shares of the exchange traded fund’s stock after acquiring an additional 24,555 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,716,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IEF. Spirit of America Management Corp NY boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.7% in the third quarter. Spirit of America Management Corp NY now owns 6,280 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 105 shares during the period. FDx Advisors Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.8% during the 2nd quarter. FDx Advisors Inc. now owns 2,349 shares of the exchange traded fund’s stock valued at $225,000 after purchasing an additional 107 shares during the period. SouthState Corp lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% during the 2nd quarter. SouthState Corp now owns 3,145 shares of the exchange traded fund’s stock valued at $301,000 after buying an additional 120 shares in the last quarter. Joel Adams & Associates Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.1% during the 2nd quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 123 shares in the last quarter. Finally, Global Trust Asset Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 10.7% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,296 shares of the exchange traded fund’s stock worth $124,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2%

NASDAQ:IEF opened at $96.48 on Thursday. The business’s 50-day simple moving average is $96.61 and its two-hundred day simple moving average is $96.16. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77. The stock has a market cap of $45.61 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.3127 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 3.9%.

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.