Argo Wealth Advisory LLC Takes $6.22 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

Argo Wealth Advisory LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 64,720 shares of the exchange traded fund’s stock, valued at approximately $6,223,000. iShares 7-10 Year Treasury Bond ETF comprises approximately 3.7% of Argo Wealth Advisory LLC’s portfolio, making the stock its 9th largest holding.

Several other institutional investors have also recently bought and sold shares of IEF. Private Trust Co. NA increased its holdings in iShares 7-10 Year Treasury Bond ETF by 78.7% in the fourth quarter. Private Trust Co. NA now owns 10,818 shares of the exchange traded fund’s stock valued at $1,040,000 after purchasing an additional 4,764 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 25.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 468,942 shares of the exchange traded fund’s stock valued at $45,093,000 after purchasing an additional 93,911 shares during the period. Quadrant Private Wealth Management LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.6% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,568 shares of the exchange traded fund’s stock valued at $824,000 after purchasing an additional 216 shares during the period. BCM Advisors LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.9% in the 4th quarter. BCM Advisors LLC now owns 69,711 shares of the exchange traded fund’s stock valued at $6,689,000 after purchasing an additional 3,891 shares during the period. Finally, United Advisor Group LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $1,477,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2%

iShares 7-10 Year Treasury Bond ETF stock opened at $95.41 on Friday. The stock has a market cap of $48.63 billion, a P/E ratio of -22.00 and a beta of 0.28. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $93.03 and a twelve month high of $98.04. The company’s 50-day moving average price is $96.10 and its two-hundred day moving average price is $96.40.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.