PFG Advisors Increases Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

PFG Advisors raised its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 145,245 shares of the exchange traded fund’s stock after acquiring an additional 10,035 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 0.8% of PFG Advisors’ holdings, making the stock its 22nd largest holding. PFG Advisors’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. J. W. Coons Advisors LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 1.0% during the 3rd quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock valued at $1,299,000 after buying an additional 135 shares in the last quarter. Savant Capital LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.2% in the fourth quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 139 shares in the last quarter. Drive Wealth Management LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% in the third quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock valued at $483,000 after purchasing an additional 144 shares in the last quarter. Intergy Private Wealth LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 6.2% in the fourth quarter. Intergy Private Wealth LLC now owns 2,504 shares of the exchange traded fund’s stock valued at $231,000 after purchasing an additional 146 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.3% in the fourth quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock valued at $5,097,000 after purchasing an additional 147 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $94.71 on Wednesday. The firm has a fifty day moving average price of $93.15 and a 200 day moving average price of $94.68. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The firm has a market cap of $32.63 billion, a PE ratio of -22.34 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.2754 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares 7-10 Year Treasury Bond ETF 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.