22,027 Shares in iShares 7-10 Year Treasury Bond ETF $IEF Acquired by Forefront Wealth Partners LLC

Forefront Wealth Partners LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,027 shares of the exchange traded fund’s stock, valued at approximately $2,125,000.

Several other hedge funds also recently bought and sold shares of IEF. Silicon Valley Capital Partners purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $37,000. WFA of San Diego LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $40,000. Richards Merrill & Peterson Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $48,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $52,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $96.48 on Wednesday. The stock has a market capitalization of $40.24 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $97.77. The firm’s 50-day moving average is $96.75 and its two-hundred day moving average is $96.09.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.