Family Asset Management LLC Buys 2,019 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Family Asset Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 95.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,131 shares of the exchange traded fund’s stock after purchasing an additional 2,019 shares during the period. Family Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Diversify Advisory Services LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at approximately $1,169,000. Orion Portfolio Solutions LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 93.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 78,333 shares of the exchange traded fund’s stock valued at $7,493,000 after acquiring an additional 37,928 shares during the period. TSA Wealth Managment LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $409,000. Values First Advisors Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 4.4% in the 2nd quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock valued at $3,023,000 after acquiring an additional 1,365 shares during the period. Finally, TCG Advisory Services LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $250,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $97.07 on Monday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.86 and a 52-week high of $98.58. The firm has a 50 day moving average price of $95.65 and a two-hundred day moving average price of $94.14. The stock has a market cap of $30.25 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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