Flagship Private Wealth LLC Invests $1.24 Million in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Flagship Private Wealth LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 13,037 shares of the exchange traded fund’s stock, valued at approximately $1,243,000.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 18.2% during the fourth quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after purchasing an additional 7,566,487 shares during the period. Wealthfront Advisers LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 333,731.3% during the fourth quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after purchasing an additional 15,621,963 shares during the period. Raymond James Financial Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $725,489,000. Blue Trust Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 9.9% during the fourth quarter. Blue Trust Inc. now owns 5,497,557 shares of the exchange traded fund’s stock valued at $508,249,000 after purchasing an additional 497,208 shares during the period. Finally, LPL Financial LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 3,702,913 shares of the exchange traded fund’s stock valued at $342,334,000 after purchasing an additional 171,084 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $93.51 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $99.18. The firm has a 50 day moving average price of $94.48 and a 200 day moving average price of $93.91. The stock has a market cap of $33.96 billion, a P/E ratio of -22.00 and a beta of 0.24.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were paid a $0.3101 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Monday, June 2nd.

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.