Moneywise Inc. Buys 9,188 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Moneywise Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 397.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,501 shares of the exchange traded fund’s stock after purchasing an additional 9,188 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 1.0% of Moneywise Inc.’s investment portfolio, making the stock its 28th largest holding. Moneywise Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Windsor Advisory Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth approximately $27,000. Compass Financial Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $29,000. Strive Financial Group LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 483.0% in the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 256 shares during the period. West Branch Capital LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 63.3% during the third quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 133 shares in the last quarter. Finally, Navigoe LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.4%

Shares of IEF stock opened at $91.16 on Wednesday. The stock has a market cap of $43.27 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The business’s fifty day moving average is $90.82 and its 200 day moving average is $93.83. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.64 and a twelve month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.3115 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. This represents a $3.74 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, November 2nd.

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.