49 Wealth Management LLC Boosts Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

49 Wealth Management LLC lifted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,230 shares of the exchange traded fund’s stock after buying an additional 12,566 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 3.0% of 49 Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. 49 Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,957,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Baird Financial Group Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1,494.7% during the fourth quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after purchasing an additional 1,614,158 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $128,523,000. GLOBALT Investments LLC GA purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $92,585,000. Advance Capital Management Inc. lifted its holdings 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 last quarter. Finally, Janney Montgomery Scott LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 111.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,374,256 shares of the exchange traded fund’s stock worth $132,465,000 after acquiring an additional 723,830 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF traded up $0.20 during trading on Friday, reaching $94.95. The stock had a trading volume of 4,304,749 shares, compared to its average volume of 7,811,511. The business has a 50-day moving average of $93.48 and a 200-day moving average of $93.93. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.86 and a one year high of $97.19. The stock has a market cap of $28.60 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were given a $0.2851 dividend. The ex-dividend date was Monday, July 1st. This represents a $3.42 dividend on an annualized basis and a yield of 3.60%.

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.