Transamerica Financial Advisors Inc. Has $7.69 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Transamerica Financial Advisors Inc. raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 78,319 shares of the exchange traded fund’s stock after purchasing an additional 9,895 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 0.7% of Transamerica Financial Advisors Inc.’s investment portfolio, making the stock its 23rd biggest holding. Transamerica Financial Advisors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,685,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IEF. Capital Investment Counsel Inc acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $34,000. Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF traded down $0.23 during mid-day trading on Tuesday, reaching $94.38. The company had a trading volume of 270,305 shares, compared to its average volume of 7,752,733. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The company’s 50-day moving average is $95.61 and its 200-day moving average is $95.34. The company has a market capitalization of $33.52 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.2916 per share. The ex-dividend date was Friday, November 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 dividend on an annualized basis and a yield of 3.71%.

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.