West Paces Advisors Inc. Grows Position in iShares 7-10 Year Treasury Bond ETF $IEF

West Paces Advisors Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 286,817 shares of the exchange traded fund’s stock after buying an additional 21,060 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for approximately 5.5% of West Paces Advisors Inc.’s portfolio, making the stock its 6th largest holding. West Paces Advisors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $27,666,000 as of its most recent SEC filing.

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

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

iShares 7-10 Year Treasury Bond ETF stock opened at $96.08 on Monday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.08 and a 12 month high of $97.77. The business’s 50 day simple moving average is $96.67 and its 200 day simple moving average is $96.13. The company has a market cap of $45.43 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 declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a dividend of $0.3127 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is a boost 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.