Cornerstone Planning LLC Makes New $11.61 Million Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Cornerstone Planning LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, Holdings Channel.com reports. The fund acquired 120,668 shares of the exchange traded fund’s stock, valued at approximately $11,614,000. iShares 7-10 Year Treasury Bond ETF accounts for about 2.6% of Cornerstone Planning LLC’s portfolio, making the stock its 7th largest position.

A number of other institutional investors have also recently made changes to their positions in IEF. HUB Investment Partners LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.1% in the third quarter. HUB Investment Partners LLC now owns 9,448 shares of the exchange traded fund’s stock worth $911,000 after buying an additional 104 shares in the last quarter. Stephens Inc. AR grew its holdings in iShares 7-10 Year Treasury Bond ETF by 0.3% during the 4th quarter. Stephens Inc. AR now owns 41,103 shares of the exchange traded fund’s stock valued at $3,952,000 after buying an additional 107 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 1.4% during the 4th quarter. Fiduciary Alliance LLC now owns 7,935 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 110 shares in the last quarter. GC Wealth Management RIA LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 4.3% in the 4th quarter. GC Wealth Management RIA LLC now owns 2,767 shares of the exchange traded fund’s stock worth $266,000 after acquiring an additional 113 shares during the last quarter. Finally, M3 Advisory Group LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 2.1% in the 3rd quarter. M3 Advisory Group LLC now owns 6,155 shares of the exchange traded fund’s stock worth $594,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $94.36 on Friday. The stock has a market capitalization of $48.13 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.94 and a 1 year high of $98.04. The business’s 50 day simple moving average is $94.56 and its 200-day simple moving average is $95.62.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.3172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. This is a boost 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.

iShares 7-10 Year Treasury Bond ETF Company 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.