Flagship Private Wealth LLC Makes New $1.30 Million Investment in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Flagship Private Wealth LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,215 shares of the exchange traded fund’s stock, valued at approximately $1,297,000. iShares 7-10 Year Treasury Bond ETF comprises about 0.7% of Flagship Private Wealth LLC’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock valued at $1,212,164,000 after buying an additional 610,635 shares during the last quarter. Ameriprise Financial Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 10.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock worth $1,060,398,000 after buying an additional 1,082,837 shares during the period. Raymond James & Associates raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.8% during the third quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock valued at $646,346,000 after buying an additional 240,449 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% in the first quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after purchasing an additional 662,293 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 3.5% during the third quarter. Blue Trust Inc. now owns 5,000,349 shares of the exchange traded fund’s stock worth $468,283,000 after purchasing an additional 168,097 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1 %

NASDAQ:IEF opened at $94.22 on Wednesday. The stock has a market capitalization of $33.47 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $90.68 and a 1 year high of $99.18. The firm has a 50 day moving average of $96.87 and a 200-day moving average of $95.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.2916 per share. This represents a $3.50 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Friday, November 1st. This is a positive change 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.