Apollon Wealth Management LLC Boosts Position in iShares 7-10 Year Treasury Bond ETF $IEF

Apollon Wealth Management LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 460.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,351 shares of the exchange traded fund’s stock after acquiring an additional 29,049 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IEF. Elevated Capital Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $28,000. Asset Dedication LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $94.57 on Wednesday. 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 $48.24 billion, a PE ratio of -22.00 and a beta of 0.26. The firm’s 50 day moving average price is $94.43 and its 200-day moving average price is $95.52.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders 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 positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend 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.