Wealth Enhancement Advisory Services LLC Boosts Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Wealth Enhancement Advisory Services LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,606,373 shares of the exchange traded fund’s stock after purchasing an additional 7,420 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.40% of iShares 7-10 Year Treasury Bond ETF worth $153,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IEF. Montag A & Associates Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 160 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $31,000. Wood Tarver Financial Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $37,000. Park Square Financial Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $37,000. Finally, Menard Financial Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $94.54 on Thursday. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18. The company has a market capitalization of $34.22 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05. The company’s 50-day simple moving average is $94.30 and its two-hundred day simple moving average is $93.90.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.3101 per share. The ex-dividend date was Monday, June 2nd. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.94%.

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.