HB Wealth Management LLC Acquires 2,046 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

HB Wealth Management LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 72.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,851 shares of the exchange traded fund’s stock after acquiring an additional 2,046 shares during the period. HB Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IEF. Trivant Custom Portfolio Group LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 72.2% during the first quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 127 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter valued at approximately $35,000. Park Square Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $37,000. Wood Tarver Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Menard Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $38,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.90 on Friday. The firm has a market cap of $35.27 billion, a PE ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.08 and a fifty-two week high of $99.18. The business has a 50 day moving average price of $94.49 and a 200-day moving average price of $94.23.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.3032 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Tuesday, July 1st.

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.