Gilpin Wealth Management LLC Makes New Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Gilpin Wealth Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,683 shares of the exchange traded fund’s stock, valued at approximately $1,123,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $6,008,000. M Holdings Securities Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 25.9% during the fourth quarter. M Holdings Securities Inc. now owns 19,679 shares of the exchange traded fund’s stock worth $1,892,000 after acquiring an additional 4,054 shares in the last quarter. Jessup Wealth Management Inc raised its position in iShares 7-10 Year Treasury Bond ETF by 4.9% during the fourth quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock worth $11,011,000 after acquiring an additional 5,384 shares in the last quarter. Sharpepoint LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 235.8% during the fourth quarter. Sharpepoint LLC now owns 74,859 shares of the exchange traded fund’s stock worth $7,198,000 after acquiring an additional 52,568 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 0.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,113,979 shares of the exchange traded fund’s stock worth $107,120,000 after acquiring an additional 9,347 shares in the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1%

NASDAQ IEF opened at $93.69 on Thursday. The firm’s fifty day moving average price is $94.69 and its two-hundred day moving average price is $95.77. 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 $47.79 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.3172 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, June 1st.

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.