New Century Financial Group LLC Has $1.59 Million Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

New Century Financial Group LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 350.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,568 shares of the exchange traded fund’s stock after buying an additional 12,886 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up 1.9% of New Century Financial Group LLC’s holdings, making the stock its 12th biggest holding. New Century Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,587,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Asset Management Group Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 0.5% in the 1st quarter. Asset Management Group Inc. now owns 23,851 shares of the exchange traded fund’s stock worth $2,275,000 after purchasing an additional 123 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 10.7% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,296 shares of the exchange traded fund’s stock valued at $124,000 after buying an additional 125 shares during the last quarter. Trivant Custom Portfolio Group LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 72.2% during the 1st quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 127 shares during the period. Kiley Juergens Wealth Management LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 1.0% during the 1st quarter. Kiley Juergens Wealth Management LLC now owns 13,294 shares of the exchange traded fund’s stock worth $1,268,000 after acquiring an additional 134 shares during the last quarter. Finally, Ibex Wealth Advisors grew its holdings in iShares 7-10 Year Treasury Bond ETF by 0.8% during the 1st quarter. Ibex Wealth Advisors now owns 18,521 shares of the exchange traded fund’s stock worth $1,766,000 after acquiring an additional 143 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 Performance

IEF stock opened at $96.59 on Friday. The company has a market capitalization of $35.94 billion, a P/E ratio of -22.00 and a beta of 0.05. The company has a fifty day moving average price of $96.02 and a 200-day moving average price of $95.08. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.08 and a 52-week high of $97.72.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2945 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.7%.

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.