KFG Wealth Management LLC Makes New Investment in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

KFG Wealth Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,214 shares of the exchange traded fund’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 6.8% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,972 shares of the exchange traded fund’s stock worth $189,000 after acquiring an additional 126 shares in the last quarter. Blair William & Co. IL raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.3% in the first quarter. Blair William & Co. IL now owns 11,369 shares of the exchange traded fund’s stock valued at $1,222,000 after purchasing an additional 144 shares during the period. HBK Sorce Advisory LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.8% in the fourth quarter. HBK Sorce Advisory LLC now owns 4,094 shares of the exchange traded fund’s stock valued at $395,000 after purchasing an additional 150 shares during the period. First National Bank of Omaha raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 0.7% in the second quarter. First National Bank of Omaha now owns 22,299 shares of the exchange traded fund’s stock valued at $2,154,000 after purchasing an additional 157 shares during the period. Finally, FDx Advisors Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% in the third quarter. FDx Advisors Inc. now owns 7,775 shares of the exchange traded fund’s stock valued at $712,000 after purchasing an additional 164 shares during the period. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $91.74 on Friday. The firm has a market capitalization of $28.37 billion, a PE ratio of -21.49 and a beta of 0.05. The company’s 50-day moving average is $93.72 and its 200-day moving average is $93.58. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $100.80.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.2758 dividend. This represents a $3.31 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Monday, April 1st.

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.