Benningfield Financial Advisors LLC Has $18.70 Million Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Benningfield Financial Advisors LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,425 shares of the exchange traded fund’s stock after acquiring an additional 7,569 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for 14.6% of Benningfield Financial Advisors LLC’s portfolio, making the stock its 4th largest position. Benningfield Financial Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in IEF. Fisher Asset Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 52.1% during the 3rd quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock worth $8,455,919,000 after acquiring an additional 30,011,547 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock worth $1,443,272,000 after acquiring an additional 3,291,267 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2,754.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 707,015 shares of the exchange traded fund’s stock worth $67,987,000 after acquiring an additional 682,247 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock worth $60,244,000 after acquiring an additional 616,905 shares in the last quarter. Finally, Greenleaf Trust raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 250.0% during the 4th quarter. Greenleaf Trust now owns 769,541 shares of the exchange traded fund’s stock worth $73,999,000 after acquiring an additional 549,696 shares in the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.4%

NASDAQ IEF opened at $95.42 on Wednesday. The firm has a market cap of $48.58 billion, a PE ratio of -22.00 and a beta of 0.28. The company has a 50 day moving average price of $96.07 and a 200 day moving average price of $96.38. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $93.03 and a 52 week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.