Apella Capital LLC Invests $817,000 in iShares 7-10 Year Treasury Bond ETF $IEF

Apella Capital LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,514 shares of the exchange traded fund’s stock, valued at approximately $817,000.

Several other institutional investors have also recently added to or reduced their stakes in IEF. Elevated Capital Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $28,000. Asset Dedication LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $29,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $31,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.3%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $95.03 on Friday. The firm has a market cap of $48.47 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04. The business has a 50-day moving average price of $94.46 and a 200 day moving average price of $95.55.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.3172 per share. This represents a c) annualized dividend and a 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 was Monday, June 1st.

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.