iShares 7-10 Year Treasury Bond ETF $IEF Stock Purchased by GenWealth Group Inc.

GenWealth Group Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 531,925 shares of the exchange traded fund’s stock after buying an additional 21,945 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 7.5% of GenWealth Group Inc.’s holdings, making the stock its 4th largest holding. GenWealth Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $47,506,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Bank of America Corp DE raised its stake in iShares 7-10 Year Treasury Bond ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after purchasing an additional 9,414,689 shares during the period. Royal Bank of Canada lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% in the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock valued at $323,377,000 after purchasing an additional 2,421,315 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $96,223,000. Eastern Bank boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 136.0% in the third quarter. Eastern Bank now owns 1,346,447 shares of the exchange traded fund’s stock worth $120,251,000 after buying an additional 775,994 shares during the period. Finally, Moore Capital Management LP acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth $72,819,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1%

Shares of IEF stock opened at $90.42 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock’s fifty day simple moving average is $91.29 and its 200-day simple moving average is $93.24.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.3069 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, October 1st. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

iShares 7-10 Year Treasury Bond ETF 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.