Valmark Advisers Inc. Purchases 620 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Valmark Advisers Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 22.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,336 shares of the exchange traded fund’s stock after buying an additional 620 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $308,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 27.2% during the third quarter. Foundations Investment Advisors LLC now owns 32,595 shares of the exchange traded fund’s stock worth $3,198,000 after acquiring an additional 6,963 shares in the last quarter. Fortis Group Advisors LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 72,663.0% in the third quarter. Fortis Group Advisors LLC now owns 39,292 shares of the exchange traded fund’s stock valued at $3,855,000 after buying an additional 39,238 shares in the last quarter. Graybill Wealth Management LTD. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 55.0% during the third quarter. Graybill Wealth Management LTD. now owns 93,891 shares of the exchange traded fund’s stock worth $9,213,000 after buying an additional 33,306 shares during the last quarter. Traphagen Investment Advisors LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 12.9% during the third quarter. Traphagen Investment Advisors LLC now owns 3,929 shares of the exchange traded fund’s stock worth $386,000 after buying an additional 449 shares in the last quarter. Finally, Vicus Capital lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.7% in the 3rd quarter. Vicus Capital now owns 8,125 shares of the exchange traded fund’s stock valued at $797,000 after acquiring an additional 289 shares during 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 Down 0.5 %

Shares of IEF stock opened at $92.82 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The stock’s fifty day simple moving average is $92.72 and its 200 day simple moving average is $95.00. The firm has a market capitalization of $31.98 billion, a P/E 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 dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2964 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

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.