CoreCap Advisors LLC Has $1.30 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

CoreCap Advisors LLC raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 383.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,495 shares of the exchange traded fund’s stock after purchasing an additional 10,701 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,302,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Silicon Valley Capital Partners acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $37,000. WFA of San Diego LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $40,000. Richards Merrill & Peterson Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $48,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $96.19 on Friday. The firm’s 50-day moving average is $96.60 and its 200-day moving average is $96.16. The stock has a market cap of $45.66 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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. 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.