IFP Advisors Inc Grows Stake in iShares 7-10 Year Treasury Bond ETF $IEF

IFP Advisors Inc boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 31.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 467,027 shares of the exchange traded fund’s stock after purchasing an additional 112,935 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 0.8% of IFP Advisors Inc’s holdings, making the stock its 22nd largest position. IFP Advisors Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $44,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bison Wealth LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% in the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after purchasing an additional 113,663 shares during the last quarter. StoneX Group Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at approximately $213,000. The Manufacturers Life Insurance Company increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after purchasing an additional 616,905 shares during the last quarter. Ausdal Financial Partners Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 7.5% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 329 shares during the period. Finally, Camarda Financial Advisors LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 7.7% in the second quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock worth $1,221,000 after buying an additional 913 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 Stock Up 0.1%

NASDAQ IEF opened at $92.96 on Thursday. The company has a fifty day moving average of $93.73 and a two-hundred day moving average of $94.90. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.69 and a 52 week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a $0.3175 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, August 3rd.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.