Jessup Wealth Management Inc Acquires 13,941 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Jessup Wealth Management Inc lifted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,125 shares of the exchange traded fund’s stock after purchasing an additional 13,941 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 3.9% of Jessup Wealth Management Inc’s portfolio, making the stock its 9th largest holding. Jessup Wealth Management Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,526,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IEF. Fisher Asset Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% during the 2nd quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock worth $5,521,226,000 after buying an additional 2,686,141 shares during the period. Peavine Capital LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $160,837,000. The Manufacturers Life Insurance Company grew its stake in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after acquiring an additional 616,905 shares during the period. Summit Financial Consulting LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 9,052.5% in the 2nd quarter. Summit Financial Consulting LLC now owns 554,550 shares of the exchange traded fund’s stock worth $53,109,000 after acquiring an additional 548,491 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $47,885,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1%

IEF opened at $96.30 on Friday. The firm’s fifty day simple moving average is $96.59 and its two-hundred day simple moving average is $96.17. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $97.77. The company has a market cap of $45.71 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.