Capstone Wealth Management Group LLC Purchases Shares of 47,743 iShares 7-10 Year Treasury Bond ETF $IEF

Capstone Wealth Management Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 47,743 shares of the exchange traded fund’s stock, valued at approximately $4,591,000. iShares 7-10 Year Treasury Bond ETF comprises 2.8% of Capstone Wealth Management Group LLC’s holdings, making the stock its 17th largest position.

A number of other institutional investors also recently bought and sold shares of the business. Elevated Capital Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $28,000. Asset Dedication LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $29,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $29,000. Finally, Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $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 opened at $94.36 on Monday. The stock has a 50 day moving average price of $94.56 and a 200 day moving average price of $95.62. The company 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 52-week low of $92.94 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.3172 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend 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.

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.