C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Stake in iShares 7-10 Year Treasury Bond ETF $IEF

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,472 shares of the exchange traded fund’s stock, valued at approximately $1,203,000.

A number of other institutional investors also recently added to or reduced their stakes in IEF. Silicon Valley Capital Partners bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $37,000. WFA of San Diego LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $40,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $48,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $52,000. 81.48% of the stock is owned by institutional investors and hedge funds.

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

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $96.08 on Friday. The stock has a market capitalization of $45.43 billion, a P/E ratio of -22.00 and a beta of 0.26. The company has a 50-day simple moving average of $96.67 and a 200 day simple moving average of $96.12. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.3127 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Friday, December 19th.

iShares 7-10 Year Treasury Bond ETF Company 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.