KFG Wealth Management LLC Purchases 175 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

KFG Wealth Management LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,389 shares of the exchange traded fund’s stock after acquiring an additional 175 shares during the quarter. KFG Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley grew its stake in iShares 7-10 Year Treasury Bond ETF by 11.8% in the 3rd quarter. Morgan Stanley now owns 15,447,394 shares of the exchange traded fund’s stock valued at $1,414,827,000 after purchasing an additional 1,636,435 shares during the period. Baird Financial Group Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 1,494.7% in the 4th quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock valued at $165,998,000 after purchasing an additional 1,614,158 shares during the period. International Assets Investment Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $128,523,000. GLOBALT Investments LLC GA bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $92,585,000. Finally, Advance Capital Management Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4,464.2% during the 4th quarter. Advance Capital Management Inc. now owns 885,731 shares of the exchange traded fund’s stock worth $85,376,000 after acquiring an additional 866,325 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $93.64 on Thursday. The company has a market capitalization of $28.69 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $97.19. The stock has a fifty day moving average of $93.13 and a 200-day moving average of $94.02.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.2851 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $3.42 annualized dividend and a dividend yield of 3.65%.

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.