iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,601,474 shares of the exchange traded fund’s stock after acquiring an additional 138,579 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.47% of iShares 7-10 Year Treasury Bond ETF worth $157,136,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Van ECK Associates Corp purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $35,000. Dunhill Financial LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $38,000. Finally, Rakuten Securities Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock traded down $0.54 during midday trading on Friday, hitting $91.46. 2,279,091 shares of the company’s stock were exchanged, compared to its average volume of 4,304,933. The stock has a market cap of $31.03 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The firm’s 50 day simple moving average is $93.52 and its 200 day simple moving average is $95.33.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.3075 per share. This represents a $3.69 dividend on an annualized basis and a yield of 4.03%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th.

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.