Kovack Advisors Inc. Makes New $289,000 Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Kovack Advisors Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,015 shares of the exchange traded fund’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in iShares 7-10 Year Treasury Bond ETF by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock worth $2,677,872,000 after purchasing an additional 1,333,142 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,444,874 shares of the exchange traded fund’s stock valued at $1,191,825,000 after buying an additional 46,734 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.5% in the 1st quarter. Raymond James Financial Inc. now owns 8,125,441 shares of the exchange traded fund’s stock valued at $774,923,000 after buying an additional 278,079 shares in the last quarter. Blue Trust Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 6.2% in the 2nd quarter. Blue Trust Inc. now owns 5,592,724 shares of the exchange traded fund’s stock valued at $535,615,000 after buying an additional 326,335 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,617,408 shares of the exchange traded fund’s stock valued at $440,362,000 after buying an additional 128,076 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.0%

Shares of NASDAQ:IEF opened at $96.85 on Monday. The firm has a 50 day moving average of $96.74 and a 200-day moving average of $95.40. The stock has a market capitalization of $40.24 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.08 and a 12 month high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd will be given a $0.3038 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, November 3rd. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.