iShares 7-10 Year Treasury Bond ETF $IEF Shares Acquired by Focused Wealth Management Inc

Focused Wealth Management Inc increased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 15.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,699 shares of the exchange traded fund’s stock after purchasing an additional 5,359 shares during the period. Focused Wealth Management Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,884,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bar Harbor Wealth Management acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $225,000. Legacy Wealth Partners LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% during the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after buying an additional 13,298 shares in the last quarter. Signal Advisors Wealth LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at approximately $408,000. Sovereign Financial Group Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.2% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,696 shares of the exchange traded fund’s stock valued at $353,000 after buying an additional 371 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 67.3% in the first quarter. AdvisorNet Financial Inc now owns 460 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $94.12 on Wednesday. The business’s fifty day moving average price is $94.51 and its 200 day moving average price is $95.58. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.94 and a 1-year high of $98.04. The firm has a market capitalization of $48.01 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.