Merit Financial Group LLC Grows Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Merit Financial Group LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 463.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 40,738 shares of the exchange traded fund’s stock after buying an additional 33,508 shares during the quarter. Merit Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,853,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bison Wealth LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% in the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after acquiring an additional 113,663 shares during the last quarter. StoneX Group Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $213,000. The Manufacturers Life Insurance Company lifted its stake in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock worth $60,244,000 after purchasing an additional 616,905 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 7.5% during the second quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 329 shares during the last quarter. Finally, Camarda Financial Advisors LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 7.7% in the second quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock worth $1,221,000 after buying an additional 913 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 Performance

Shares of IEF stock opened at $92.96 on Thursday. The stock has a 50 day moving average price of $93.73 and a 200 day moving average price of $94.90. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.69 and a 52-week high of $98.04. The firm has a market capitalization of $47.17 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were given a dividend of $0.3175 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, August 3rd.

iShares 7-10 Year Treasury Bond ETF 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.