Seven Mile Advisory Has $18.07 Million Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Seven Mile Advisory raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,941 shares of the exchange traded fund’s stock after purchasing an additional 8,879 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up approximately 3.1% of Seven Mile Advisory’s holdings, making the stock its 9th biggest position. Seven Mile Advisory’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,072,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. HUB Investment Partners LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.1% during the 3rd quarter. HUB Investment Partners LLC now owns 9,448 shares of the exchange traded fund’s stock worth $911,000 after acquiring an additional 104 shares during the period. Stephens Inc. AR lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.3% during the 4th quarter. Stephens Inc. AR now owns 41,103 shares of the exchange traded fund’s stock worth $3,952,000 after acquiring an additional 107 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.4% during the 4th quarter. Fiduciary Alliance LLC now owns 7,935 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 110 shares during the period. GC Wealth Management RIA LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% during the 4th quarter. GC Wealth Management RIA LLC now owns 2,767 shares of the exchange traded fund’s stock worth $266,000 after acquiring an additional 113 shares during the period. Finally, M3 Advisory Group LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% during the 3rd quarter. M3 Advisory Group LLC now owns 6,155 shares of the exchange traded fund’s stock worth $594,000 after acquiring an additional 125 shares during the period. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.18 on Monday. The company has a 50-day moving average of $94.65 and a 200-day moving average of $95.73. The company has a market capitalization of $48.04 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 $92.94 and a 52 week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.