Ballast Rock Private Wealth LLC Takes Position in iShares 7-10 Year Treasury Bond ETF $IEF

Ballast Rock Private Wealth LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,620 shares of the exchange traded fund’s stock, valued at approximately $536,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bison Wealth LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% during the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after buying an additional 113,663 shares during the last quarter. StoneX Group Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $213,000. The Manufacturers Life Insurance Company lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock worth $60,244,000 after purchasing an additional 616,905 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 7.5% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 329 shares during the period. Finally, Camarda Financial Advisors LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 7.7% in the 2nd quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock valued at $1,221,000 after purchasing an additional 913 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF opened at $94.36 on Monday. The stock’s fifty day moving average price is $94.56 and its two-hundred day moving average price is $95.62. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.94 and a one year high of $98.04. The firm has a market cap 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 Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.3172 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.