iShares 7-10 Year Treasury Bond ETF $IEF Stake Raised by Money Concepts Capital Corp

Money Concepts Capital Corp raised its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 27.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 81,992 shares of the exchange traded fund’s stock after buying an additional 17,591 shares during the quarter. Money Concepts Capital Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,323,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after acquiring an additional 9,414,689 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after acquiring an additional 630,060 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock valued at $479,282,000 after acquiring an additional 217,157 shares in the last quarter. Royal Bank of Canada boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 250.4% in the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock valued at $323,377,000 after acquiring an additional 2,421,315 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 2.2% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,399,251 shares of the exchange traded fund’s stock valued at $304,008,000 after acquiring an additional 73,935 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.8%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $90.21 on Friday. The company’s fifty day simple moving average is $90.61 and its two-hundred day simple moving average is $93.67. The company has a market cap of $43.71 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.64 and a 12-month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.3115 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $3.74 annualized dividend and a dividend yield of 4.1%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069.

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.