Ballew Advisors Inc Buys 8,663 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Ballew Advisors Inc increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 15.2% during the third quarter, Holdings Channel reports. The firm owned 65,561 shares of the exchange traded fund’s stock after acquiring an additional 8,663 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up approximately 2.9% of Ballew Advisors Inc’s investment portfolio, making the stock its 6th biggest position. Ballew Advisors Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Wealth Partners LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% during the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after acquiring an additional 13,298 shares in the last quarter. Jessup Wealth Management Inc raised its position in iShares 7-10 Year Treasury Bond ETF by 4.9% during the fourth quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock valued at $11,011,000 after purchasing an additional 5,384 shares in the last quarter. Arkos Global Advisors raised its position in iShares 7-10 Year Treasury Bond ETF by 5.2% during the fourth quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock valued at $57,530,000 after purchasing an additional 29,597 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the first quarter worth $1,868,000. Finally, White Pine Investment CO lifted its stake in iShares 7-10 Year Treasury Bond ETF by 10.7% during the first quarter. White Pine Investment CO now owns 78,323 shares of the exchange traded fund’s stock worth $7,475,000 after purchasing an additional 7,570 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

Shares of IEF stock traded down $0.13 during trading hours on Monday, reaching $88.92. The company’s stock had a trading volume of 11,068,846 shares, compared to its average volume of 8,766,093. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04. The firm’s 50 day simple moving average is $92.02 and its 200-day simple moving average is $93.63. The company has a market capitalization of $41.37 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.3069 per share. The ex-dividend date is Thursday, October 1st. This represents a $3.68 annualized dividend and a dividend yield of 4.1%. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

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.