Benchmark Financial LLC Boosts Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Benchmark Financial LLC increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 19.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,774 shares of the exchange traded fund’s stock after purchasing an additional 11,758 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 6.2% of Benchmark Financial LLC’s holdings, making the stock its 5th largest position. Benchmark Financial LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $28,000. Asset Dedication LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $31,000. Institutional investors own 81.48% of the company’s stock.

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

NASDAQ:IEF opened at $95.03 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.94 and a twelve month high of $98.04. The business has a 50 day moving average price of $94.46 and a two-hundred day moving average price of $95.55. The company 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 Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.3172 dividend. 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%. The ex-dividend date of this dividend was Monday, June 1st.

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.