LPL Financial LLC Raises Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

LPL Financial LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,170,220 shares of the exchange traded fund’s stock after purchasing an additional 516,634 shares during the period. LPL Financial LLC owned approximately 1.06% of iShares 7-10 Year Treasury Bond ETF worth $497,168,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Balentine LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Asset Dedication LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Finally, Capital Investment Counsel Inc purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $31,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $93.52 on Tuesday. The firm’s 50-day moving average is $94.74 and its two-hundred day moving average is $95.81. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The company has a market capitalization of $47.70 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 declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.3172 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.