Kestra Investment Management LLC Invests $584,000 in iShares 7-10 Year Treasury Bond ETF $IEF

Kestra Investment Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,094 shares of the exchange traded fund’s stock, valued at approximately $584,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IEF. Barings LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% during the 2nd quarter. Barings LLC now owns 642,944 shares of the exchange traded fund’s stock valued at $61,575,000 after acquiring an additional 13,550 shares during the last quarter. Advyzon Investment Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $498,000. WBH Advisory Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 73.9% during the second quarter. WBH Advisory Inc. now owns 18,480 shares of the exchange traded fund’s stock worth $1,770,000 after purchasing an additional 7,854 shares during the period. Joel Adams & Associates Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 3.1% in the second quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 123 shares during the last quarter. Finally, Aspect Partners LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 9,256.8% in the second quarter. Aspect Partners LLC now owns 20,585 shares of the exchange traded fund’s stock valued at $1,971,000 after purchasing an additional 20,365 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of IEF opened at $96.27 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $97.77. The stock has a market cap of $40.15 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock’s 50-day moving average price is $96.89 and its two-hundred day moving average price is $95.92.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were paid a dividend of $0.2884 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 3.6%.

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.