61,016 Shares in iShares 7-10 Year Treasury Bond ETF $IEF Acquired by Benchmark Financial LLC

Benchmark Financial LLC bought a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 61,016 shares of the exchange traded fund’s stock, valued at approximately $5,867,000. iShares 7-10 Year Treasury Bond ETF makes up about 5.8% of Benchmark Financial LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Elevated Capital Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $27,000. Balentine LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $29,000. Asset Dedication LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $29,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $95.93 on Monday. The firm’s 50 day simple moving average is $96.09 and its 200-day simple moving average is $96.39. The company has a market cap of $48.84 billion, a P/E ratio of -22.00 and a beta of 0.28. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $93.03 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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