2,598 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Bought by MONECO Advisors LLC

MONECO Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the second quarter, Holdings Channel reports. The firm purchased 2,598 shares of the exchange traded fund’s stock, valued at approximately $243,000.

Other institutional investors have also added to or reduced their stakes in the company. Diversify Advisory Services LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $1,169,000. Truist Financial Corp lifted its stake in iShares 7-10 Year Treasury Bond ETF by 43.6% in the fourth quarter. Truist Financial Corp now owns 1,562,835 shares of the exchange traded fund’s stock worth $150,642,000 after acquiring an additional 474,819 shares during the period. Orion Portfolio Solutions LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 93.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 78,333 shares of the exchange traded fund’s stock worth $7,493,000 after purchasing an additional 37,928 shares in the last quarter. TSA Wealth Managment LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $409,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,667,917 shares of the exchange traded fund’s stock valued at $157,885,000 after purchasing an additional 20,763 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $97.20 on Tuesday. The company has a 50-day simple moving average of $95.06 and a two-hundred day simple moving average of $93.96. The firm has a market capitalization of $30.29 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.86 and a one year high of $98.58.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were paid a $0.2891 dividend. This represents a $3.47 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.