Merit Financial Group LLC Purchases 33,508 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Merit Financial Group LLC increased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 463.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,738 shares of the exchange traded fund’s stock after buying an additional 33,508 shares during the period. Merit Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,853,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. White Pine Investment CO increased its stake in iShares 7-10 Year Treasury Bond ETF by 4.5% in the 2nd quarter. White Pine Investment CO now owns 81,884 shares of the exchange traded fund’s stock worth $7,744,000 after acquiring an additional 3,561 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 323.5% in the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 83,668 shares of the exchange traded fund’s stock valued at $7,912,000 after purchasing an additional 63,914 shares in the last quarter. Titleist Asset Management LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 0.9% in the second quarter. Titleist Asset Management LLC now owns 198,568 shares of the exchange traded fund’s stock worth $18,779,000 after purchasing an additional 1,706 shares during the last quarter. Sowell Financial Services LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 50.7% during the second quarter. Sowell Financial Services LLC now owns 24,390 shares of the exchange traded fund’s stock valued at $2,307,000 after purchasing an additional 8,201 shares in the last quarter. Finally, Insight Wealth Strategies LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 7.5% during the second quarter. Insight Wealth Strategies LLC now owns 35,047 shares of the exchange traded fund’s stock valued at $3,296,000 after purchasing an additional 2,440 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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

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

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

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

About iShares 7-10 Year Treasury Bond ETF

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.