Spire Wealth Management Raises Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Spire Wealth Management boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,688 shares of the exchange traded fund’s stock after buying an additional 1,082 shares during the quarter. Spire Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HTLF Bank grew its position in iShares 7-10 Year Treasury Bond ETF by 3.9% during the first quarter. HTLF Bank now owns 3,102 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 117 shares during the period. Matrix Trust Co grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.9% in the second quarter. Matrix Trust Co now owns 3,182 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 120 shares during the period. Oak Harbor Wealth Partners LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.1% in the second quarter. Oak Harbor Wealth Partners LLC now owns 12,039 shares of the exchange traded fund’s stock valued at $1,127,000 after purchasing an additional 126 shares during the period. Catalyst Private Wealth LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.7% in the second quarter. Catalyst Private Wealth LLC now owns 4,802 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 128 shares during the period. Finally, Pasadena Private Wealth LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.3% in the first quarter. Pasadena Private Wealth LLC now owns 2,559 shares of the exchange traded fund’s stock valued at $242,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

Shares of NASDAQ IEF traded down $0.34 during trading on Friday, hitting $97.07. The company had a trading volume of 4,802,608 shares, compared to its average volume of 7,520,484. The stock has a fifty day simple moving average of $95.65 and a two-hundred day simple moving average of $94.14. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $98.58. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were given a $0.2891 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.47 annualized dividend and a dividend yield of 3.57%.

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.