iShares 7-10 Year Treasury Bond ETF $IEF Position Boosted by GenWealth Group Inc.

GenWealth Group Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 457,196 shares of the exchange traded fund’s stock after purchasing an additional 44,451 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises approximately 7.5% of GenWealth Group Inc.’s portfolio, making the stock its 4th largest holding. GenWealth Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $44,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEF. Fisher Asset Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 52.1% in the third quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock valued at $8,455,919,000 after acquiring an additional 30,011,547 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 28.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock worth $1,443,272,000 after purchasing an additional 3,291,267 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 3.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,820,353 shares of the exchange traded fund’s stock worth $1,236,651,000 after purchasing an additional 375,479 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after purchasing an additional 495,772 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the 3rd quarter. Raymond James Financial Inc. now owns 6,175,024 shares of the exchange traded fund’s stock worth $595,643,000 after purchasing an additional 290,351 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.5%

Shares of IEF opened at $95.36 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.79 and a 1-year high of $98.04. The firm’s 50-day moving average price is $96.29 and its 200-day moving average price is $96.57. The firm has a market capitalization of $46.57 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.2828 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.