McElhenny Sheffield Capital Management LLC Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

McElhenny Sheffield Capital Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the first quarter, Holdings Channel.com reports. The firm purchased 579,674 shares of the exchange traded fund’s stock, valued at approximately $55,284,000. iShares 7-10 Year Treasury Bond ETF comprises about 20.7% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of IEF. Savant Capital LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 3.2% during the fourth quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock valued at $412,000 after acquiring an additional 139 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $242,000. Leavell Investment Management Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 66.6% during the 4th quarter. Leavell Investment Management Inc. now owns 55,657 shares of the exchange traded fund’s stock valued at $5,145,000 after purchasing an additional 22,252 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 133.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 11,074 shares of the exchange traded fund’s stock valued at $1,024,000 after purchasing an additional 6,324 shares during the last quarter. Finally, Values First Advisors Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 53.6% in the 4th quarter. Values First Advisors Inc. now owns 51,029 shares of the exchange traded fund’s stock valued at $4,718,000 after purchasing an additional 17,806 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

Shares of NASDAQ:IEF opened at $94.23 on Thursday. The stock has a market capitalization of $34.11 billion, a PE ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $99.18. The firm has a fifty day moving average price of $94.36 and a 200 day moving average price of $93.91.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a $0.3101 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.95%.

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.