iShares 7-10 Year Treasury Bond ETF $IEF Shares Bought by Pacific Wealth Management

Pacific Wealth Management grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,873 shares of the exchange traded fund’s stock after buying an additional 9,390 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 6.5% of Pacific Wealth Management’s investment portfolio, making the stock its 4th biggest holding. Pacific Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,931,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elevated Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $25,000. Balentine LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Asset Dedication LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.7%

Shares of IEF opened at $94.34 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The firm has a fifty day simple moving average of $94.67 and a 200 day simple moving average of $95.75. The stock has a market capitalization of $48.12 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.3172 per share. The ex-dividend date was Monday, June 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a c) annualized dividend and a yield of 4.0%.

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.