King Wealth Management Group Buys 440 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

King Wealth Management Group lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,651 shares of the exchange traded fund’s stock after buying an additional 440 shares during the period. King Wealth Management Group’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $35,000. Wolverine Asset Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 57.1% in the third quarter. Wolverine Asset Management LLC now owns 2,200 shares of the exchange traded fund’s stock worth $216,000 after purchasing an additional 800 shares during the last quarter. Harbour Investments Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 9.0% during the 3rd quarter. Harbour Investments Inc. now owns 4,065 shares of the exchange traded fund’s stock valued at $399,000 after purchasing an additional 335 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 745.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 10,326 shares of the exchange traded fund’s stock valued at $1,013,000 after purchasing an additional 9,105 shares during the period. Finally, Savvy Advisors Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $209,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $94.81 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The firm has a market cap of $32.66 billion, a P/E ratio of -22.34 and a beta of 0.05. The business’s 50 day moving average price is $93.24 and its 200-day moving average price is $94.68.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.2754 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.