Capital Advisors Wealth Management LLC Invests $279,000 in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Capital Advisors Wealth Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,017 shares of the exchange traded fund’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PSI Advisors LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 20.0% during the 3rd quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 109 shares in the last quarter. J. W. Coons Advisors LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 1.0% during the third quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock worth $1,299,000 after buying an additional 135 shares in the last quarter. Drive Wealth Management LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 3.0% during the third quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after buying an additional 144 shares in the last quarter. SignalPoint Asset Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 0.9% during the third quarter. SignalPoint Asset Management LLC now owns 15,562 shares of the exchange traded fund’s stock worth $1,531,000 after buying an additional 146 shares during the last quarter. Finally, Rakuten Securities Inc. grew its holdings 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 buying an additional 153 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

Shares of IEF opened at $92.38 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The stock has a fifty day simple moving average of $93.29 and a two-hundred day simple moving average of $95.25. The company has a market capitalization of $31.47 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.3075 dividend. 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. This represents a $3.69 annualized dividend and a dividend yield of 3.99%.

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.