Modern Wealth Management LLC Acquires 23,982 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Modern Wealth Management LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,319 shares of the exchange traded fund’s stock after buying an additional 23,982 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Legacy Wealth Partners LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 159.7% in the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after buying an additional 13,298 shares during the last quarter. ABLE Financial Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 30.7% during the 4th quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock worth $2,150,000 after buying an additional 5,255 shares during the last quarter. Center For Asset Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $954,000. Assetmark Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.3% in the 4th quarter. Assetmark Inc. now owns 1,007,769 shares of the exchange traded fund’s stock worth $96,907,000 after acquiring an additional 13,133 shares during the period. Finally, Greenleaf Trust lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 250.0% in the 4th quarter. Greenleaf Trust now owns 769,541 shares of the exchange traded fund’s stock worth $73,999,000 after acquiring an additional 549,696 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3%

Shares of NASDAQ:IEF opened at $92.85 on Friday. The company has a market cap of $47.03 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The firm’s 50-day simple moving average is $93.97 and its 200-day simple moving average is $95.20. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.76 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.3111 dividend. The ex-dividend date was Wednesday, July 1st.

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.