Focus Financial Network Inc. Acquires 9,059 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Focus Financial Network Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,850 shares of the exchange traded fund’s stock after buying an additional 9,059 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 1.2% of Focus Financial Network Inc.’s portfolio, making the stock its 15th largest position. Focus Financial Network Inc. owned approximately 0.09% of iShares 7-10 Year Treasury Bond ETF worth $33,264,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IEF. Silicon Valley Capital Partners bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $32,000. Twin Peaks Wealth Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $37,000. WFA of San Diego LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $40,000. Richards Merrill & Peterson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $48,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $52,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.5%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $96.24 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77. The business has a 50 day moving average price of $96.90 and a 200-day moving average price of $95.96. The company has a market cap of $40.14 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th will be 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 is 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.