ABLE Financial Group LLC Acquires 5,255 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

ABLE Financial Group LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,362 shares of the exchange traded fund’s stock after purchasing an additional 5,255 shares during the quarter. ABLE Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEF. Grey Fox Wealth Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $27,000. Asset Dedication LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $29,000. Balentine LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 249.4% in the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 222 shares during the period. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $95.27 on Monday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.79 and a fifty-two week high of $98.04. The business’s 50-day moving average is $96.10 and its two-hundred day moving average is $96.42. The company has a market cap of $49.47 billion, a price-to-earnings ratio of -22.00 and a beta of 0.28.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were issued a $0.3172 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, April 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. 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.